Document and Entity Information
Document and Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2019 | Feb. 17, 2020 | Jun. 28, 2019 | |
Document and Entity Information [Abstract] | |||
Document Annual Report | true | ||
Documents Incorporated by Reference [Text Block] | DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on May 19, 2020 are incorporated by reference into Part III, Items 10 through 14 of this Annual Report on Form 10-K. | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Transition Report | false | ||
Entity File Number | 1-10989 | ||
Entity Registrant Name | Ventas, Inc. | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 61-1055020 | ||
Entity Address, Address Line One | 353 N. Clark Street | ||
Entity Address, Address Line Two | Suite 3300 | ||
Entity Address, City or Town | Chicago | ||
Entity Address, State or Province | IL | ||
Entity Address, Country | US | ||
Entity Address, Postal Zip Code | 60654 | ||
City Area Code | 877 | ||
Local Phone Number | 483-6827 | ||
Trading Symbol | VTR | ||
Title of 12(b) Security | Common Stock, $0.25 par value | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 25.1 | ||
Entity Common Stock, Shares Outstanding | 372,860,471 | ||
Entity Central Index Key | 0000740260 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Real estate investments: | ||
Land and improvements | $ 2,283,929 | $ 2,114,406 |
Buildings and improvements | 24,380,440 | 22,437,243 |
Construction in progress | 461,354 | 422,334 |
Acquired lease intangibles | 1,306,152 | 1,502,955 |
Operating lease assets | 385,225 | 0 |
Real estate investments, gross | 28,817,100 | 26,476,938 |
Accumulated depreciation and amortization | (7,088,013) | (6,383,281) |
Net real estate property | 21,729,087 | 20,093,657 |
Secured loans receivable and investments, net | 704,612 | 495,869 |
Investments in unconsolidated real estate entities | 45,022 | 48,378 |
Net real estate investments | 22,478,721 | 20,637,904 |
Cash and cash equivalents | 106,363 | 72,277 |
Escrow deposits and restricted cash | 39,739 | 59,187 |
Goodwill | 1,051,161 | 1,050,548 |
Assets held for sale | 91,433 | 5,454 |
Deferred income tax assets, net | 47,495 | 0 |
Other assets | 877,296 | 759,185 |
Total assets | 24,692,208 | 22,584,555 |
Liabilities: | ||
Senior notes payable and other debt | 12,158,773 | 10,733,699 |
Accrued interest | 111,115 | 99,667 |
Operating lease liabilities | 251,196 | 0 |
Accounts payable and other liabilities | 1,145,700 | 1,086,030 |
Liabilities related to assets held for sale | 5,463 | 205 |
Deferred income tax liabilities | 200,831 | |
Deferred income tax liabilities, net | 205,219 | |
Total liabilities | 13,873,078 | 12,124,820 |
Redeemable OP unitholder and noncontrolling interests | 273,678 | 188,141 |
Commitments and contingencies | ||
Ventas stockholders’ equity: | ||
Preferred stock, $1.00 par value; 10,000 shares authorized, unissued | 0 | 0 |
Common stock, $0.25 par value; 600,000 shares authorized, 372,811 and 356,572 shares issued at December 31, 2019 and 2018, respectively | 93,185 | 89,125 |
Capital in excess of par value | 14,056,453 | 13,076,528 |
Accumulated other comprehensive loss | (34,564) | (19,582) |
Retained earnings (deficit) | (3,669,050) | (2,930,214) |
Treasury stock, 2 and 0 shares at December 31, 2019 and 2018, respectively | (132) | 0 |
Total Ventas stockholders’ equity | 10,445,892 | 10,215,857 |
Noncontrolling interests | 99,560 | 55,737 |
Total equity | 10,545,452 | 10,271,594 |
Total liabilities and equity | $ 24,692,208 | $ 22,584,555 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Dec. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.25 | $ 0.25 |
Common stock, shares authorized | 600,000,000 | 600,000,000 |
Common stock, shares issued | 372,811,000 | 356,572,000 |
Treasury stock, shares | 2,000 | 0 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | |||
Rental income | $ 1,609,876 | $ 1,513,807 | $ 1,593,598 |
Income from loans and investments | 89,201 | 124,218 | 117,608 |
Interest and other income | 10,984 | 24,892 | 6,034 |
Total revenues | 3,872,750 | 3,745,810 | 3,574,149 |
Expenses | |||
Interest | 451,662 | 442,497 | 448,196 |
Depreciation and amortization | 1,045,620 | 919,639 | 887,948 |
Property-level operating expenses: | |||
Property-level operating expenses | 1,808,208 | 1,689,880 | 1,483,072 |
Office building services costs | 2,319 | 1,418 | 3,391 |
General, administrative and professional fees | 165,996 | 151,982 | 135,490 |
Loss on extinguishment of debt, net | 41,900 | 58,254 | 754 |
Merger-related expenses and deal costs | 15,235 | 30,547 | 10,535 |
Other | (17,609) | 66,768 | 20,052 |
Total expenses | 3,513,331 | 3,360,985 | 2,989,438 |
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests | 359,419 | 384,825 | 584,711 |
Loss from unconsolidated entities | (2,454) | (55,034) | (561) |
Gain on real estate dispositions | 26,022 | 46,247 | 717,273 |
Income tax benefit | 56,310 | 39,953 | 59,799 |
Income from continuing operations | 439,297 | 415,991 | 1,361,222 |
Discontinued operations | 0 | (10) | (110) |
Net income | 439,297 | 415,981 | 1,361,112 |
Net income attributable to noncontrolling interests | 6,281 | 6,514 | 4,642 |
Net income attributable to common stockholders | $ 433,016 | $ 409,467 | $ 1,356,470 |
Basic: | |||
Income from continuing operations (USD per share) | $ 1.20 | $ 1.17 | $ 3.83 |
Net income attributable to common stockholders (USD per share) | 1.18 | 1.15 | 3.82 |
Diluted: | |||
Income from continuing operations (USD per share) | 1.19 | 1.16 | 3.80 |
Net income attributable to common stockholders (USD per share) | $ 1.17 | $ 1.14 | $ 3.78 |
Triple Net Leased Properties | |||
Revenues | |||
Rental income | $ 780,898 | $ 737,796 | $ 840,131 |
Property-level operating expenses: | |||
Property-level operating expenses | 26,561 | 0 | 0 |
Office Operations | |||
Revenues | |||
Rental income | 828,978 | 776,011 | 753,467 |
Property-level operating expenses: | |||
Property-level operating expenses | 260,249 | 243,679 | 233,007 |
Resident Fees and Services | |||
Revenues | |||
Revenue from contracts with customers | 2,151,533 | 2,069,477 | 1,843,232 |
Office Building and Other Services Revenue | |||
Revenues | |||
Revenue from contracts with customers | 11,156 | 13,416 | 13,677 |
Senior Living Operations | |||
Property-level operating expenses: | |||
Property-level operating expenses | $ 1,521,398 | $ 1,446,201 | $ 1,250,065 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 439,297 | $ 415,981 | $ 1,361,112 |
Other comprehensive (loss) income: | |||
Foreign currency translation | 5,729 | (9,436) | 20,612 |
Unrealized gain (loss) on available for sale securities | 11,634 | 14,944 | (437) |
Derivative instruments | (30,814) | 10,030 | 2,239 |
Total other comprehensive (loss) income | (13,451) | 15,538 | 22,414 |
Comprehensive income | 425,846 | 431,519 | 1,383,526 |
Comprehensive income attributable to noncontrolling interests | 7,649 | 6,514 | 4,642 |
Comprehensive income attributable to common stockholders | $ 418,197 | $ 425,005 | $ 1,378,884 |
CONSOLIDATED STATEMENTS OF EQUI
CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands | Total | Total Ventas Stockholders’ Equity | Common Stock Par Value | Capital in Excess of Par Value | Accumulated Other Comprehensive Loss | Retained Earnings (Deficit) | Treasury Stock | Non- controlling Interests |
Balance at Dec. 31, 2016 | $ 10,528,753 | $ 10,460,240 | $ 88,514 | $ 12,917,002 | $ (57,534) | $ (2,487,695) | $ (47) | $ 68,513 |
Increase (decrease) in shareholders' equity | ||||||||
Net income attributable to common stockholders | 1,356,470 | 1,356,470 | 0 | 0 | 0 | 1,356,470 | 0 | |
Net income attributable to noncontrolling interests | 4,642 | 4,642 | ||||||
Net income | 1,361,112 | |||||||
Other comprehensive income (loss) | 22,414 | 22,414 | 0 | 0 | 22,414 | 0 | 0 | 0 |
Impact of CCP Spin-Off | 107 | 107 | 0 | 107 | 0 | 0 | 0 | 0 |
Net change in noncontrolling interests | (14,719) | (1,427) | 0 | (1,427) | 0 | 0 | 0 | (13,292) |
Dividends to common stockholders | (1,109,473) | (1,109,473) | 0 | 0 | 0 | (1,109,473) | 0 | 0 |
Issuance of common stock | 73,447 | 73,447 | 276 | 72,618 | 0 | 0 | 553 | 0 |
Issuance of common stock for stock plans | 22,606 | 22,606 | 87 | 21,723 | 0 | 0 | 796 | 0 |
Change in redeemable noncontrolling interests | 5,246 | (850) | 0 | (850) | 0 | 0 | 0 | 6,096 |
Adjust redeemable OP Unitholder Interests to current fair value | 253 | 253 | 0 | 253 | 0 | 0 | 0 | 0 |
Redemption of OP Units | 23,136 | 23,136 | 84 | 19,845 | 0 | 0 | 3,207 | 0 |
Grant of restricted stock, net of forfeitures | 19,303 | 19,303 | 68 | 23,786 | 0 | 0 | (4,551) | 0 |
Balance at Dec. 31, 2017 | 10,932,185 | 10,866,226 | 89,029 | 13,053,057 | (35,120) | (2,240,698) | (42) | 65,959 |
Increase (decrease) in shareholders' equity | ||||||||
Cumulative effect of new accounting principle in period of adoption | 30,643 | 30,643 | 0 | 0 | 0 | 30,643 | 0 | 0 |
Net income attributable to common stockholders | 409,467 | 409,467 | 0 | 0 | 0 | 409,467 | 0 | |
Net income attributable to noncontrolling interests | 6,514 | 6,514 | ||||||
Net income | 415,981 | |||||||
Other comprehensive income (loss) | 15,538 | 15,538 | 0 | 0 | 15,538 | 0 | 0 | 0 |
Net change in noncontrolling interests | (24,206) | (7,470) | 0 | (7,470) | 0 | 0 | 0 | (16,736) |
Dividends to common stockholders | (1,129,626) | (1,129,626) | 0 | 0 | 0 | (1,129,626) | 0 | 0 |
Issuance of common stock for stock plans | 12,909 | 12,909 | 49 | 11,542 | 0 | 0 | 1,318 | 0 |
Adjust redeemable OP Unitholder Interests to current fair value | (3,323) | (3,323) | 0 | (3,323) | 0 | 0 | 0 | 0 |
Redemption of OP Units | (128) | (128) | 3 | (383) | 0 | 0 | 252 | 0 |
Grant of restricted stock, net of forfeitures | 21,621 | 21,621 | 44 | 23,105 | 0 | 0 | (1,528) | 0 |
Balance at Dec. 31, 2018 | 10,271,594 | 10,215,857 | 89,125 | 13,076,528 | (19,582) | (2,930,214) | 0 | 55,737 |
Increase (decrease) in shareholders' equity | ||||||||
Cumulative effect of new accounting principle in period of adoption | 638 | 638 | 0 | 0 | (163) | 801 | 0 | 0 |
Net income attributable to common stockholders | 433,016 | 433,016 | 0 | 0 | 0 | 433,016 | 0 | |
Net income attributable to noncontrolling interests | 6,281 | 6,281 | ||||||
Net income | 439,297 | |||||||
Other comprehensive income (loss), before tax, portion attributable to parent | (14,819) | 0 | 0 | (14,819) | 0 | 0 | ||
Comprehensive income attributable to noncontrolling interests | 1,368 | |||||||
Other comprehensive income (loss) | (13,451) | |||||||
Net change in noncontrolling interests | 23,842 | (12,332) | 0 | (12,332) | 0 | 0 | 0 | 36,174 |
Dividends to common stockholders | (1,172,653) | (1,172,653) | 0 | 0 | 0 | (1,172,653) | 0 | 0 |
Issuance of common stock | 942,338 | 942,338 | 3,829 | 938,509 | 0 | 0 | 0 | 0 |
Issuance of common stock for stock plans | 71,320 | 71,320 | 152 | 64,581 | 0 | 0 | 6,587 | 0 |
Adjust redeemable OP Unitholder Interests to current fair value | (7,388) | (7,388) | 0 | (7,388) | 0 | 0 | 0 | 0 |
Redemption of OP Units | (738) | (738) | 1 | (739) | 0 | 0 | 0 | 0 |
Grant of restricted stock, net of forfeitures | (9,347) | (9,347) | 78 | (2,706) | 0 | 0 | (6,719) | 0 |
Balance at Dec. 31, 2019 | $ 10,545,452 | $ 10,445,892 | $ 93,185 | $ 14,056,453 | $ (34,564) | $ (3,669,050) | $ (132) | $ 99,560 |
CONSOLIDATED STATEMENTS OF EQ_2
CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of Stockholders' Equity [Abstract] | ||||||||||
Dividends to common stockholders, per share (in dollars per share) | $ 0.7925 | $ 0.7925 | $ 0.7925 | $ 0.7925 | $ 0.79 | $ 0.79 | $ 0.79 | $ 3.17000 | $ 3.16250 | $ 3.11500 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash flows from operating activities: | |||
Net income | $ 439,297 | $ 415,981 | $ 1,361,112 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 1,045,620 | 919,639 | 887,948 |
Amortization of deferred revenue and lease intangibles, net | (7,967) | (30,660) | (20,537) |
Other non-cash amortization | 22,985 | 18,886 | 16,058 |
Stock-based compensation | 33,923 | 29,963 | 26,543 |
Straight-lining of rental income | (30,073) | 13,396 | (23,134) |
Loss on extinguishment of debt, net | 41,900 | 58,254 | 754 |
Gain on real estate dispositions | (26,022) | (46,247) | (717,273) |
Gain on real estate loan investments | 0 | (13,202) | (124) |
Income tax benefit | (58,918) | (43,026) | (63,599) |
Loss from unconsolidated entities | 2,464 | 55,034 | 3,588 |
Gain on re-measurement of equity interest upon acquisition, net | 0 | 0 | (3,027) |
Distributions from unconsolidated entities | 1,600 | 2,934 | 4,676 |
Real estate impairments related to natural disasters | 0 | 52,510 | 4,616 |
Other | 13,264 | 3,720 | 4,624 |
Changes in operating assets and liabilities: | |||
Increase in other assets | (76,693) | (23,198) | (29,282) |
Increase in accrued interest | 9,737 | 4,992 | 11,068 |
Increase (decrease) in accounts payable and other liabilities | 26,666 | (37,509) | (35,259) |
Net cash provided by operating activities | 1,437,783 | 1,381,467 | 1,428,752 |
Cash flows from investing activities: | |||
Net investment in real estate property | (958,125) | (265,907) | (664,684) |
Investment in loans receivable | (1,258,187) | (229,534) | (748,119) |
Proceeds from real estate disposals | 147,855 | 353,792 | 859,874 |
Proceeds from loans receivable | 1,017,309 | 911,540 | 101,097 |
Development project expenditures | (403,923) | (330,876) | (299,085) |
Capital expenditures | (156,724) | (131,858) | (132,558) |
Distributions from unconsolidated entities | 172 | 57,455 | 6,169 |
Investment in unconsolidated entities | (3,855) | (47,007) | (61,220) |
Insurance proceeds for property damage claims | 30,179 | 6,891 | 1,419 |
Net cash provided by (used in) investing activities | (1,585,299) | 324,496 | (937,107) |
Cash flows from financing activities: | |||
Net change in borrowings under revolving credit facilities | (569,891) | 321,463 | 384,783 |
Net change in borrowings under commercial paper program | 565,524 | 0 | 0 |
Proceeds from debt | 3,013,191 | 2,549,473 | 1,111,649 |
Repayment of debt | (2,623,916) | (3,465,579) | (1,369,084) |
Purchase of noncontrolling interests | 0 | (4,724) | (15,809) |
Payment of deferred financing costs | (21,403) | (20,612) | (27,297) |
Issuance of common stock, net | 942,085 | 0 | 73,596 |
Cash distribution to common stockholders | (1,157,720) | (1,127,143) | (827,285) |
Cash distribution to redeemable OP unitholders | (9,218) | (7,459) | (5,677) |
Cash issued for redemption of OP Units | (2,203) | (1,370) | 0 |
Contributions from noncontrolling interests | 6,282 | 1,883 | 4,402 |
Distributions to noncontrolling interests | (9,717) | (11,574) | (11,187) |
Proceeds from stock option exercises | 36,179 | 8,762 | 16,287 |
Other | (8,519) | (5,057) | (5,705) |
Net cash provided by (used in) financing activities | 160,674 | (1,761,937) | (671,327) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 13,158 | (55,974) | (179,682) |
Effect of foreign currency translation | 1,480 | (815) | 581 |
Cash, cash equivalents and restricted cash at beginning of period | 131,464 | 188,253 | 367,354 |
Cash, cash equivalents and restricted cash, end of period | 146,102 | 131,464 | 188,253 |
Supplemental disclosure of cash flow information: | |||
Interest paid including swap payments and receipts | 410,584 | 406,907 | 409,890 |
Assets acquired and liabilities assumed from acquisitions and other: | |||
Real estate investments | 1,057,138 | 94,280 | 425,906 |
Other assets | 11,140 | 5,398 | (3,716) |
Debt | 907,746 | 30,508 | 75,231 |
Other liabilities | 47,121 | 18,086 | 70,878 |
Deferred income tax liability | 95 | 922 | (14,869) |
Noncontrolling interests | 113,316 | 2,591 | 4,202 |
Equity issued | 0 | 30,487 | 0 |
Equity issued for redemption of OP Units | $ 127 | $ 907 | $ 24,002 |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business | NOTE 1—DESCRIPTION OF BUSINESS Ventas, Inc., an S&P 500 company, is a real estate investment trust (“REIT”) with a highly diversified portfolio of seniors housing, research and innovation, and healthcare properties located throughout the United States, Canada and the United Kingdom. As of December 31, 2019 , we owned approximately 1,200 properties (including properties owned through investments in unconsolidated entities and properties classified as held for sale), consisting of seniors housing communities, medical office buildings (“MOBs”), research and innovation centers, inpatient rehabilitation facilities (“IRFs”) and long-term acute care facilities (“LTACs”), and health systems. We had 22 properties under development, including four properties that are owned by unconsolidated real estate entities. Our company was originally founded in 1983 and is headquartered in Chicago, Illinois. We primarily invest in seniors housing, research and innovation, and healthcare properties through acquisitions and lease our properties to unaffiliated tenants or operate them through independent third-party managers. As of December 31, 2019 , we leased a total of 412 properties (excluding properties within our office operations reportable business segment) to various healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures. Our three largest tenants, Brookdale Senior Living Inc. (together with its subsidiaries, “Brookdale Senior Living”), Ardent Health Partners, LLC (together with its subsidiaries, “Ardent”) and Kindred Healthcare, LLC (formerly Kindred Healthcare, Inc., together with its subsidiaries, “Kindred”) leased from us 122 properties (excluding two properties managed by Brookdale Senior Living pursuant to long-term management agreements), 11 properties and 32 properties , respectively, as of December 31, 2019 . As of December 31, 2019 , pursuant to long-term management agreements, we engaged independent operators, such as Atria Senior Living, Inc. (“Atria”) and Sunrise Senior Living, LLC (together with its subsidiaries, “Sunrise”) to manage 406 seniors housing communities for us. Through our Lillibridge Healthcare Services, Inc. subsidiary and our ownership interest in PMB Real Estate Services LLC, we also provide MOB management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. In addition, from time to time, we make secured and non-mortgage loans and other investments relating to seniors housing and healthcare operators or properties. |
Accounting Policies
Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Accounting Policies | NOTE 2—ACCOUNTING POLICIES Principles of Consolidation The accompanying Consolidated Financial Statements include our accounts and the accounts of our wholly owned subsidiaries and the joint venture entities over which we exercise control. All intercompany transactions and balances have been eliminated in consolidation, and our net earnings are reduced by the portion of net earnings attributable to noncontrolling interests. U.S. generally accepted accounting principles (“GAAP”) requires us to identify entities for which control is achieved through means other than voting rights and to determine which business enterprise is the primary beneficiary of variable interest entities (“VIEs”). A VIE is broadly defined as an entity with one or more of the following characteristics: (a) the total equity investment at risk is insufficient to finance the entity’s activities without additional subordinated financial support; (b) as a group, the holders of the equity investment at risk lack (i) the ability to make decisions about the entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; and (c) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. We consolidate our investment in a VIE when we determine that we are its primary beneficiary. We may change our original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affects the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. We identify the primary beneficiary of a VIE as the enterprise that has both: (i) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could be significant to the entity. We perform this analysis on an ongoing basis. As it relates to investments in joint ventures, GAAP may preclude consolidation by the sole general partner in certain circumstances based on the type of rights held by the limited partner or partners. We assess limited partners’ rights and their impact on our consolidation conclusions, and we reassess if there is a change to the terms or in the exercisability of the rights of the limited partners, the sole general partner increases or decreases its ownership of limited partnership (“LP”) interests or there is an increase or decrease in the number of outstanding LP interests. We also apply this guidance to managing member interests in limited liability companies (“LLCs”). We consolidate several VIEs that share the following common characteristics: • the VIE is in the legal form of an LP or LLC; • the VIE was designed to own and manage its underlying real estate investments; • we are the general partner or managing member of the VIE; • we own a majority of the voting interests in the VIE; • a minority of voting interests in the VIE are owned by external third parties, unrelated to us; • the minority owners do not have substantive kick-out or participating rights in the VIE; and • we are the primary beneficiary of the VIE. We have separately identified certain special purpose entities that were established to allow investments in research and innovation projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs, we are a holder of variable interests and that we are the primary beneficiary of the VIEs, and therefore we consolidate these special purpose entities. Our primary beneficiary determination is based upon several factors, including but not limited to the rights we have in directing the activities which most significantly impact the VIEs’ economic performance as well as certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. In general, the assets of the consolidated VIEs are available only for the settlement of the obligations of the respective entities. Unless otherwise required by the LP or LLC agreement, any mortgage loans of the consolidated VIEs are non-recourse to us. The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004 Investments in Unconsolidated Entities We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. Under this method of accounting, our share of the investee’s earnings or losses is included in our Consolidated Statements of Income. We base the initial carrying value of investments in unconsolidated entities on the fair value of the assets at the time we acquired the joint venture interest. We estimate fair values for our equity method investments based on discounted cash flow models that include all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums or discounts. The capitalization rates, discount rates and credit spreads we use in these models are based upon assumptions that we believe to be within a reasonable range of current market rates for the respective investments. We generally amortize any difference between our cost basis and the basis reflected at the joint venture level, if any, over the lives of the related assets and liabilities and include that amortization in our share of income or loss from unconsolidated entities. For earnings of equity method investments with pro rata distribution allocations, net income or loss is allocated between the partners in the joint venture based on their respective stated ownership percentages. In other instances, net income or loss is allocated between the partners in the joint venture based on the hypothetical liquidation at book value method (the “HLBV method”). Under the HLBV method, net income or loss is allocated between the partners based on the difference between each partner’s claim on the net assets of the joint venture at the end and beginning of the period, after taking into account contributions and distributions. Each partner’s share of the net assets of the joint venture is calculated as the amount that the partner would receive if the joint venture were to liquidate all of its assets at net book value and distribute the resulting cash to creditors and partners in accordance with their respective priorities. Under the HLBV method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions we receive or than the amount we may receive in the event of an actual liquidation. Redeemable OP Unitholder and Noncontrolling Interests We own a majority interest in NHP/PMB L.P. (“NHP/PMB”), a limited partnership formed in 2008 to acquire properties from entities affiliated with Pacific Medical Buildings LLC (“PMB”). Given our wholly owned subsidiary is the general partner and the primary beneficiary of NHP/PMB, we consolidate it as a VIE. As of December 31, 2019 , third party investors owned 3.3 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 31% of the total units then outstanding, and we owned 7.3 million Class B limited partnership units in NHP/PMB, representing the remaining 69% . At any time following the first anniversary of the date of their issuance, the OP Units may be redeemed at the election of the holder for cash or, at our option, 0.9051 shares of our common stock per OP Unit, subject to further adjustment in certain circumstances. We are party by assumption to a registration rights agreement with the holders of the OP Units that requires us, subject to the terms and conditions and certain exceptions set forth therein, to file and maintain a registration statement relating to the issuance of shares of our common stock upon redemption of OP Units. Prior to January 2017, we owned a majority interest in Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. (“Ventas Realty OP”) and we consolidated this entity because our wholly owned subsidiary is the general partner and was the primary beneficiary of this VIE. In January 2017, third party investors redeemed the remaining limited partnership units (“Class C Units”) outstanding. After giving effect to such redemptions, Ventas Realty OP is our wholly owned subsidiary. As redemption rights are outside of our control, the redeemable OP Units are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Units at the greater of cost or redemption value. As of December 31, 2019 and 2018 , the fair value of the redeemable OP Units was $171.2 million and $174.6 million , respectively. We recognize changes in fair value through capital in excess of par value, net of cash distributions paid and purchases by us of any OP Units. Our diluted earnings per share includes the effect of any potential shares outstanding from redemption of the OP Units. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2019 and 2018 . Accordingly, we record the carrying amount of these noncontrolling interests at the greater of their initial carrying amount (increased or decreased for the noncontrolling interests’ share of net income or loss and distributions) or the redemption value. Our joint venture partners have certain redemption rights with respect to their noncontrolling interests in these joint ventures that are outside of our control, and the redeemable noncontrolling interests are classified outside of permanent equity on our Consolidated Balance Sheets. We recognize changes in the carrying value of redeemable noncontrolling interests through capital in excess of par value. Noncontrolling Interests Excluding the redeemable noncontrolling interests described above, we present the portion of any equity that we do not own in entities that we control (and thus consolidate) as noncontrolling interests and classify those interests as a component of consolidated equity, separate from total Ventas stockholders’ equity, on our Consolidated Balance Sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss, and comprehensive income, is allocated between the joint venture partners based on their respective stated ownership percentages. In other cases, net income or loss is allocated between the joint venture partners based on the HLBV method. We account for purchases or sales of equity interests that do not result in a change of control as equity transactions, through capital in excess of par value. We include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income and we include the noncontrolling interests share of comprehensive income in our Consolidated Statements of Comprehensive Income. Accounting for Historic and New Markets Tax Credits For certain of our research and innovation centers, we are party to certain contractual arrangements with TCIs that were established to enable the TCIs to receive benefits of historic tax credits (“HTCs”) and/or new markets tax credits (“NMTCs”). As of December 31, 2019 , we owned ten properties, including one property in development, that had syndicated HTCs or NMTCs, or both, to TCIs. In general, TCIs invest cash into special purpose entities that invest in entities that own the subject property and generate the tax credits. The TCIs receive substantially all of the tax credits and hold only a nominal interest in the economic risk and benefits of the special purpose entities. HTCs are delivered to the TCIs upon substantial completion of the project. NMTCs are allowed for up to 39% of a qualified investment and are delivered to the TCIs after the investment has been funded and spent on a qualified business. HTCs are subject to 20% recapture per year beginning one year after the completion of the historic rehabilitation of the subject property. NMTCs are subject to 100% recapture until the end of the seventh year following the qualifying investment. We have provided the TCIs with certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. The contractual arrangements with the TCIs include a put/call provision whereby we may be obligated or entitled to repurchase the interest of the TCIs in the special purpose entities at the end of the tax credit recapture period. We anticipate that either the TCIs will exercise their put rights or we will exercise our call rights prior to the applicable tax credit recapture periods. The portion of the TCI’s investment that is attributed to the put is recorded at fair value at inception in accounts payable and other liabilities on our Consolidated Balance Sheets, and is accreted to the expected put price as interest expense in our Consolidated Statements of Income over the recapture period. The remaining balance of the TCI’s investment is initially recorded in accounts payable and other liabilities on our Consolidated Balance Sheets and will be relieved upon delivery of the tax credit to the TCI, as a reduction in the carrying value of the subject property, net of allocated expenses. Direct and incremental costs incurred in structuring the transaction are deferred and will be recognized as an increase in the cost basis of the subject property upon the recognition of the related tax credit as discussed above. Accounting Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Accounting for Real Estate Acquisitions When we acquire real estate, we first make reasonable judgments about whether the transaction involves an asset or a business. Our real estate acquisitions are generally accounted for as asset acquisitions as substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. Regardless of whether an acquisition is considered a business combination or an asset acquisition, we record the cost of the businesses or assets acquired as tangible and intangible assets and liabilities based upon their estimated fair values as of the acquisition date. We estimate the fair value of buildings acquired on an as-if-vacant basis or replacement cost basis and depreciate the building value over the estimated remaining life of the building, generally not to exceed 35 years . We determine the fair value of other fixed assets, such as site improvements and furniture, fixtures and equipment, based upon the replacement cost and depreciate such value over the assets’ estimated remaining useful lives as determined at the applicable acquisition date. We determine the value of land either by considering the sales prices of similar properties in recent transactions or based on internal analyses of recently acquired and existing comparable properties within our portfolio. We generally determine the value of construction in progress based upon the replacement cost. However, for certain acquired properties that are part of a ground-up development, we determine fair value by using the same valuation approach as for all other properties and deducting the estimated cost to complete the development. During the remaining construction period, we capitalize project costs until the development has reached substantial completion. Construction in progress, including capitalized interest, is not depreciated until the development has reached substantial completion. Intangibles primarily include the value of in-place leases and acquired lease contracts. We include all lease-related intangible assets and liabilities within acquired lease intangibles and accounts payable and other liabilities, respectively, on our Consolidated Balance Sheets. The fair value of acquired lease-related intangibles, if any, reflects: (i) the estimated value of any above and/or below market leases, determined by discounting the difference between the estimated market rent and in-place lease rent; and (ii) the estimated value of in-place leases related to the cost to obtain tenants, including leasing commissions, and an estimated value of the absorption period to reflect the value of the rent and recovery costs foregone during a reasonable lease-up period as if the acquired space was vacant. We amortize any acquired lease-related intangibles to revenue or amortization expense over the remaining life of the associated lease plus any assumed bargain renewal periods. If a lease is terminated prior to its stated expiration or not renewed upon expiration, we recognize all unamortized amounts of lease-related intangibles associated with that lease in operations at that time. We estimate the fair value of purchase option intangible assets and liabilities, if any, by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset or liability over the term of the lease, but rather adjust the recognized value of the asset or liability upon sale. In connection with an acquisition, we may assume rights and obligations under certain lease agreements pursuant to which we become the lessee of a given property. We generally assume the lease classification previously determined by the prior lessee absent a modification in the assumed lease agreement. We assess assumed operating leases, including ground leases, to determine whether the lease terms are favorable or unfavorable to us given current market conditions on the acquisition date. To the extent the lease terms are favorable or unfavorable to us relative to market conditions on the acquisition date, we recognize an intangible asset or liability at fair value and amortize that asset or liability to interest or rental expense in our Consolidated Statements of Income over the applicable lease term. Where we are the lessee, we record the acquisition date values of leases, including any above or below market value, within operating lease assets and operating lease liabilities on our Consolidated Balance Sheets. We estimate the fair value of noncontrolling interests assumed consistent with the manner in which we value all of the underlying assets and liabilities. We calculate the fair value of long-term assumed debt by discounting the remaining contractual cash flows on each instrument at the current market rate for those borrowings, which we approximate based on the rate at which we would expect to incur a replacement instrument on the date of acquisition, and recognize any fair value adjustments related to long-term debt as effective yield adjustments over the remaining term of the instrument. Impairment of Long-Lived and Intangible Assets We periodically evaluate our long-lived assets, primarily consisting of investments in real estate, for impairment indicators. If indicators of impairment are present, we evaluate the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, we consider market conditions and our current intentions with respect to holding or disposing of the asset. We adjust the net book value of real estate properties and other long-lived assets to fair value if the sum of the expected future undiscounted cash flows, including sales proceeds, is less than book value. We recognize an impairment loss at the time we make any such determination. If impairment indicators arise with respect to intangible assets with finite useful lives, we evaluate impairment by comparing the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, then we estimate the fair value of the asset and compare the estimated fair value to the intangible asset’s carrying value. We recognize any shortfall from carrying value as an impairment loss in the current period. We evaluate our investments in unconsolidated entities for impairment at least annually, and whenever events or changes in circumstances indicate that the carrying value of our investment may exceed its fair value. If we determine that a decline in the fair value of our investment in an unconsolidated entity is other-than-temporary, and if such reduced fair value is below the carrying value, we record an impairment. We test goodwill for impairment at least annually, and more frequently if indicators arise. We first assess qualitative factors, such as current macroeconomic conditions, state of the equity and capital markets and our overall financial and operating performance, to determine the likelihood that the fair value of a reporting unit is less than its carrying amount. If we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we proceed with the two-step approach to evaluating impairment. First, we estimate the fair value of the reporting unit and compare it to the reporting unit’s carrying value. If the carrying value exceeds fair value, we proceed with the second step, which requires us to assign the fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if it had been acquired in a business combination at the date of the impairment test. The excess fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied value of goodwill and is used to determine the amount of impairment. We recognize an impairment loss to the extent the carrying value of goodwill exceeds the implied value in the current period. Estimates of fair value used in our evaluation of goodwill (if necessary based on our qualitative assessment), investments in real estate, investments in unconsolidated entities and intangible assets are based upon discounted future cash flow projections or other acceptable valuation techniques that are based, in turn, upon all available evidence including level three inputs, such as revenue and expense growth rates, estimates of future cash flows, capitalization rates, discount rates, general economic conditions and trends, or other available market data. Our ability to accurately predict future operating results and cash flows and to estimate and determine fair values impacts the timing and recognition of impairments. While we believe our assumptions are reasonable, changes in these assumptions may have a material impact on our financial results. Assets Held for Sale and Discontinued Operations We sell properties from time to time for various reasons, including favorable market conditions or the exercise of purchase options by tenants. We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, have been met. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value minus cost to sell and are no longer depreciated. If at any time we determine that the criteria for classifying assets as held for sale are no longer met, we reclassify assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. The carrying amount of these assets is adjusted (in the period in which a change in classification is determined) to reflect any depreciation expense that would have been recognized had the asset been continuously classified as net real estate investments. We report discontinued operations when the following criteria are met: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business is classified as held for sale on the acquisition date. The results of operations for assets meeting the definition of discontinued operations are reflected in our Consolidated Statements of Income as discontinued operations for all periods presented. We allocate estimated interest expense to discontinued operations based on property values and our weighted average interest rate or the property’s actual mortgage interest. Loans Receivable We record loans receivable, other than those acquired in connection with a business combination, on our Consolidated Balance Sheets (either in secured loans receivable and investments, net or other assets, in the case of non-mortgage loans receivable) at the unpaid principal balance, net of any deferred origination fees, purchase discounts or premiums and valuation allowances. We amortize net deferred origination fees, which are comprised of loan fees collected from the borrower net of certain direct costs, and purchase discounts or premiums over the contractual life of the loan using the effective interest method and immediately recognize in income any unamortized balances if the loan is repaid before its contractual maturity. We regularly evaluate the collectability of loans receivable based on factors such as corporate and facility-level financial and operational reports, compliance with financial covenants set forth in the applicable loan agreement, the financial strength of the borrower and any guarantor, the payment history of the borrower and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to collect all amounts due under the terms of the applicable loan agreement, we provide a reserve against the portion of the receivable that we estimate may not be collected. Cash Equivalents Cash equivalents consist of highly liquid investments with a maturity date of three months or less when purchased. These investments are stated at cost, which approximates fair value. Escrow Deposits and Restricted Cash Escrow deposits consist of amounts held by us or our lenders to provide for future real estate tax, insurance expenditures and tenant improvements related to our properties and operations. Restricted cash generally represents amounts paid to us for security deposits and other similar purposes. Deferred Financing Costs We amortize deferred financing costs, which are reported within senior notes payable and other debt on our Consolidated Balance Sheets, as a component of interest expense over the terms of the related borrowings using a method that approximates a level yield. Amortized costs of approximately $20.2 million , $18.1 million and $18.9 million were included in interest expense for the years ended December 31, 2019 , 2018 and 2017 , respectively. Available for Sale Securities We classify available for sale securities as a component of other assets on our Consolidated Balance Sheets (other than our interests in government-sponsored pooled loan investments, which are classified as secured loans receivable and investments, net on our Consolidated Balance Sheets). We record these securities at fair value and include unrealized gains and losses recorded in stockholders’ equity as a component of accumulated other comprehensive income on our Consolidated Balance Sheets. We report interest income, including discount or premium amortization, on available for sale securities and gains or losses on securities sold, which are based on the specific identification method, in income from loans and investments in our Consolidated Statements of Income. Derivative Instruments We recognize all derivative instruments in other assets or accounts payable and other liabilities on our Consolidated Balance Sheets at fair value as of the reporting date. We recognize changes in the fair value of derivative instruments in other expenses in our Consolidated Statements of Income or accumulated other comprehensive income on our Consolidated Balance Sheets, depending on the intended use of the derivative and our designation of the instrument. We do not use our derivative financial instruments, including interest rate caps, interest rate swaps and foreign currency forward contracts, for trading or speculative purposes. Our foreign currency forward contracts and certain of our interest rate swaps (including the interest rate swap contracts of consolidated and unconsolidated joint ventures) are designated as effectively hedging the variability of expected cash flows related to their underlying securities and, therefore, also are recorded on our Consolidated Balance Sheets at fair value, with changes in the fair value of these instruments recognized in accumulated other comprehensive income on our Consolidated Balance Sheets. We recognize any noncontrolling interests’ proportionate share of the changes in fair value of swap contracts of our consolidated joint ventures in noncontrolling interests on our Consolidated Balance Sheets. We recognize our proportionate share of the change in fair value of swap contracts of our unconsolidated joint ventures in accumulated other comprehensive income on our Consolidated Balance Sheets. Certain of our other interest rate swaps and rate caps were not designated as having a hedging relationship with the underlying securities and therefore do not meet the criteria for hedge accounting under GAAP. Accordingly, these interest rate swaps are recorded on our Consolidated Balance Sheets at fair value, and we recognize changes in the fair value of these instruments in current earnings (in other expenses) in our Consolidated Statements of Income. Fair Values of Financial Instruments Fair value is a market-based measurement, not an entity-specific measurement, and we determine fair value based on the assumptions that we expect market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within levels one and two of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within level three of the hierarchy). Level one inputs utilize unadjusted quoted prices for identical assets or liabilities in active markets that we have the ability to access. Level two inputs are inputs other than quoted prices included in level one that are directly or indirectly observable for the asset or liability. Level two inputs may include quoted prices for similar assets and liabilities in active markets and other inputs for the asset or liability that are observable at commonly quoted intervals, such as interest rates, foreign exchange rates and yield curves. Level three inputs are unobservable inputs for the asset or liability, which typically are based on our own assumptions, because there is little, if any, related market activity. If the determination of the fair value measurement is based on inputs from different levels of the hierarchy, the level within which the entire fair value measurement falls is the lowest level input that is significant to the fair value measurement in its entirety. If the volume and level of market activity for an asset or liability has decreased significantly relative to the normal market activity for such asset or liability (or similar assets or liabilities), then transactions or quoted prices may not accurately reflect fair value. In addition, if there is evidence that a transaction for an asset or liability is not orderly, little, if any, weight is placed on that transaction price as an indicator of fair value. Our assessm |
Concentration of Credit Risk
Concentration of Credit Risk | 12 Months Ended |
Dec. 31, 2019 | |
Risks and Uncertainties [Abstract] | |
Concentration of Credit Risk | NOTE 3—CONCENTRATION OF CREDIT RISK As of December 31, 2019 , Atria, Sunrise, Brookdale Senior Living, Ardent and Kindred managed or operated approximately 20.4% , 10.3% , 7.7% , 4.7% and 1.0% , respectively, of our consolidated real estate investments based on gross book value (excluding properties classified as held for sale as of December 31, 2019 ). Because Atria and Sunrise manage our properties in exchange for the receipt of a management fee from us, we are not directly exposed to the credit risk of our managers in the same manner or to the same extent as our triple-net tenants. Based on gross book value, approximately 18.8% and 43.4% of our consolidated real estate investments were seniors housing communities included in the triple-net leased properties and senior living operations reportable business segments, respectively (excluding properties classified as held for sale as of December 31, 2019 ). MOBs, research and innovation centers, IRFs and LTACs, health systems, skilled nursing facilities (“SNFs”) and secured loans receivable and investments collectively comprised the remaining 37.8% . Our consolidated properties were located in 45 states, the District of Columbia, seven Canadian provinces and the United Kingdom as of December 31, 2019 , with properties in one state ( California ) accounting for more than 10% of our total continuing revenues and net operating income (“NOI,” which is defined as total revenues, excluding interest and other income, less property-level operating expenses and office building services costs) for each of the years ended December 31, 2019 , 2018 and 2017 . Triple-Net Leased Properties The following table reflects the concentration risk related to our triple-net leased properties for the periods presented: For the Years Ended December 31, 2019 2018 2017 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.3 % 4.7 % Ardent 3.1 3.1 3.1 Kindred (3) 3.3 3.5 4.6 NOI: Brookdale Senior Living (2) 8.7 % 7.6 % 8.0 % Ardent 5.8 5.7 5.3 Kindred (3) 6.3 6.4 7.9 (1) Total revenues include office building and other services revenue, income from loans and investments and interest and other income. (2) 2018 results include the impact of a net non-cash charge of $21.3 million related to April 2018 lease extensions. (3) 2017 results include amounts related to 36 SNFs that were sold during 2017. Each of our leases with Brookdale Senior Living, Ardent and Kindred is a triple-net lease that obligates the tenant to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures, and to comply with the terms of the mortgage financing documents, if any, affecting the properties. In addition, each of our Brookdale Senior Living, Ardent and Kindred leases has a corporate guaranty. The properties we lease to Brookdale Senior Living, Ardent and Kindred accounted for a significant portion of our triple-net leased properties segment revenues and NOI for the years ended December 31, 2019 , 2018 and 2017 . If Brookdale Senior Living, Ardent or Kindred becomes unable or unwilling to satisfy its obligations to us or to renew its leases with us upon expiration of the terms thereof, our financial condition and results of operations could decline, and our ability to service our indebtedness and to make distributions to our stockholders could be impaired. We cannot assure you that Brookdale Senior Living, Ardent and Kindred will have sufficient assets, income and access to financing to enable them to satisfy their respective obligations to us, and any failure, inability or unwillingness by Brookdale Senior Living, Ardent or Kindred to do so could have a material adverse effect on our business, financial condition, results of operations and liquidity, our ability to service our indebtedness and other obligations and our ability to make distributions to our stockholders, as required for us to continue to qualify as a REIT (a “Material Adverse Effect”). We also cannot assure you that Brookdale Senior Living, Ardent and Kindred will elect to renew their respective leases with us upon expiration of the leases or that we will be able to reposition any non-renewed properties on a timely basis or on the same or better economic terms, if at all. In April 2018, we entered into various agreements with Brookdale Senior Living that provide for, among other things: (a) a consolidation of substantially all of our multiple lease agreements with Brookdale Senior Living into one master lease; (b) extension of the term for substantially all of our Brookdale Senior Living leased properties until December 31, 2025, with Brookdale Senior Living retaining two successive 10 year renewal options; and (c) the guarantee of all the Brookdale Senior Living obligations to us by Brookdale Senior Living Inc., including covenant protections for us. In connection with these agreements, we recognized a net non-cash expense of $21.3 million for the acceleration of straight-line rent receivables, net unamortized market lease intangibles and deferred revenues, which is included in triple-net leased rental income in our Consolidated Statements of Income. We also received a fee of $2.5 million that is being amortized over the new lease term. In July 2018, Kindred closed transactions (the “Go Private Transactions”) pursuant to which (a) Kindred would be acquired by a consortium of TPG Capital (“TPG”), Welsh, Carson, Anderson & Stowe (“WCAS”) and Humana, Inc. and (b) immediately following the acquisition, (i) Kindred’s home health, hospice and community care businesses would be separated from Kindred and operated as a standalone company owned by Humana, Inc., TPG and WCAS, and (ii) Kindred would be operated as a separate healthcare company owned by TPG and WCAS. In connection with the closing of the transactions, we received a payment from Kindred of $12.3 million , which was recognized in interest and other income in our Consolidated Statements of Income during the third quarter of 2018. The following table sets forth the future contracted minimum rentals, excluding contingent rent escalations, but including straight-line rent adjustments and reserves where applicable, for all of our consolidated triple-net and office building leases as of December 31, 2019 (excluding properties classified as held for sale as of December 31, 2019 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2020 $ 184,141 $ 122,348 $ 130,790 $ 891,141 $ 1,328,420 2021 183,774 122,348 130,786 829,610 1,266,518 2022 183,398 122,348 130,790 743,575 1,180,111 2023 183,000 122,348 110,365 680,422 1,096,135 2024 182,600 122,348 100,153 627,798 1,032,899 Thereafter 182,189 1,292,096 40,358 2,633,754 4,148,397 Total $ 1,099,102 $ 1,903,836 $ 643,242 $ 6,406,300 $ 10,052,480 Senior Living Operations As of December 31, 2019 , Atria and Sunrise, collectively, provided comprehensive property management and accounting services with respect to 260 of our 401 consolidated seniors housing communities, for which we pay annual management fees pursuant to long-term management agreements. We rely on our managers’ personnel, expertise, technical resources and information systems, proprietary information, good faith and judgment to manage our senior living operations efficiently and effectively. We also rely on our managers to set appropriate resident fees and otherwise operate our seniors housing communities in compliance with the terms of our management agreements and all applicable laws and regulations. Although we have various rights as the property owner under our management agreements, including various rights to terminate and exercise remedies under the agreements as provided therein, Atria’s or Sunrise’s failure, inability or unwillingness to satisfy its respective obligations under those agreements, to efficiently and effectively manage our properties or to provide timely and accurate accounting information with respect thereto could have a Material Adverse Effect on us. In addition, significant changes in Atria’s or Sunrise’s senior management or equity ownership or any adverse developments in their businesses or financial condition could have a Material Adverse Effect on us. Brookdale Senior Living, Kindred, Atria, Sunrise and Ardent Information Brookdale Senior Living is subject to the reporting requirements of the Securities and Exchange Commission (“SEC”) and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Kindred is not currently subject to the reporting requirements of the SEC, but was subject to such reporting requirements prior to the closing of the Go Private Transactions in July 2018. The information related to Brookdale Senior Living and Kindred contained or referred to in this Annual Report on Form 10-K has been derived from SEC filings made by Brookdale Senior Living or Kindred, as the case may be, or other publicly available information, or was provided to us by Brookdale Senior Living or Kindred, and we have not verified this information through an independent investigation or otherwise. We have no reason to believe that this information is inaccurate in any material respect, but we cannot assure you of its accuracy. We are providing this data for informational purposes only, and you are encouraged to obtain Brookdale Senior Living’s and Kindred’s publicly available filings, which can be found at the SEC’s website at www.sec.gov. Kindred, Atria, Sunrise and Ardent are not currently subject to the reporting requirements of the SEC. The information related to Kindred, Atria, Sunrise and Ardent contained or referred to in this Annual Report on Form 10-K has been derived from publicly available information or was provided to us by Kindred, Atria, Sunrise or Ardent, as the case may be, and we have not verified this information through an independent investigation or otherwise. We have no reason to believe that this information is inaccurate in any material respect, but we cannot assure you of its accuracy. |
Acquisitions of Real Estate Pro
Acquisitions of Real Estate Property | 12 Months Ended |
Dec. 31, 2019 | |
Business Combinations [Abstract] | |
Acquisitions of Real Estate Property | NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY The following summarizes our acquisition and development activities during 2019 , 2018 and 2017 . We acquire and invest in seniors housing, research and innovation and healthcare properties primarily to achieve an expected yield on our investment, to grow and diversify our portfolio and revenue base, and to reduce our dependence on any single tenant, operator or manager, geographic location, asset type, business model or revenue source. 2019 Acquisitions In September 2019, we acquired an 87% interest in 34 Canadian seniors housing communities (including five in-process developments) valued at $1.8 billion through an equity partnership (the “LGM Acquisition”) with Le Groupe Maurice (“LGM”). The portfolio continues to be managed by LGM. We also have rights to fund and own all additional developments under an exclusive pipeline agreement with LGM. During the year ended December 31, 2019, we also acquired two properties reported within our office operations reportable business segment ( one research and innovation center and one MOB), two seniors housing communities reported within our senior living operations reportable business segment and one vacant land parcel for an aggregate purchase price of $237.0 million . Each of our 2019 acquisitions was accounted for as an asset acquisition. 2018 Acquisitions During the year ended December 31, 2018, we acquired five properties reported within our office operations reportable business segment ( four MOBs and one research and innovation center) and one seniors housing community reported within our senior living operations reportable business segment for an aggregate purchase price of $311.3 million . Each of these acquisitions was accounted for as an asset acquisition. 2017 Acquisitions During the year ended December 31, 2017, we acquired 15 triple-net leased properties (including six assets previously owned by an equity method investee), four properties reported within our office operations reportable business segment ( three research and innovation centers and one MOB) and three seniors housing communities (reported within our senior living operations reportable business segment) for an aggregate purchase price of $691.3 million . Each of these acquisitions was accounted for as an asset acquisition. |
Dispositions
Dispositions | 12 Months Ended |
Dec. 31, 2019 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Dispositions | NOTE 5—DISPOSITIONS 2019 Activity During the year ended December 31, 2019 , we sold ten triple-net leased properties, eight MOBs, six seniors housing assets and our leasehold interest in one vacant land parcel for aggregate consideration of $147.5 million , and we recognized a gain on the sales of these assets of $26.0 million . 2018 Activity During 2018, we sold seven seniors housing communities included in our senior living operations reportable business segment, five triple-net leased properties, 11 MOBs and two vacant land parcels for aggregate consideration of $348.6 million . We recognized a gain on the sales of these assets of $46.2 million for the year ended December 31, 2018. 2017 Activity During the year ended December 31, 2017, we sold 53 triple-net leased properties, five MOBs and certain vacant land parcels for aggregate consideration of $870.8 million , and we recognized a gain on the sale of these assets of $717.3 million . Assets Held for Sale The table below summarizes our real estate assets classified as held for sale as of December 31, 2019 and 2018 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale (Dollars in thousands) Triple-net leased properties 8 $ 62,098 $ 1,623 1 $ 5,482 $ 40 Office operations (1) 1 5,177 499 — 160 152 Senior living operations (1) 6 24,158 3,341 — (188 ) 13 Total 15 $ 91,433 $ 5,463 1 $ 5,454 $ 205 (1) Balances relate to anticipated post-closing settlements of working capital. In March 2018, five MOBs no longer met the criteria as being classified as held for sale. As a result, we adjusted the carrying amount of these assets by recognizing depreciation expense of $5.7 million and classified these assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. Real Estate Impairment We recognized impairments of $133.6 million , $29.5 million and $32.9 million for the years ended December 31, 2019 , 2018 and 2017 respectively, which are recorded primarily as a component of depreciation and amortization in our Consolidated Statements of Income. Our recorded impairments were primarily the result of a change in our intent to hold the impaired assets. In most cases, we recognized an impairment in the periods in which our change in intent was made. Additionally, we recognized impairments of $52.5 million and $4.6 million for the years ended December 31, 2018 and 2017 , respectively, as a result of natural disasters which are recorded as a component of other in our Consolidated Statements of Income. There were no impairments recorded as a result of natural disasters for the year ended December 31, 2019 |
Loans Receivable and Investment
Loans Receivable and Investments | 12 Months Ended |
Dec. 31, 2019 | |
Loans Receivable And Investments [Abstract] | |
Loans Receivable and Investments | NOTE 6—LOANS RECEIVABLE AND INVESTMENTS As of December 31, 2019 and 2018 , we had $1.0 billion and $756.5 million , respectively, of net loans receivable and investments relating to seniors housing and healthcare operators or properties. The following is a summary of our loans receivable and investments, net, including amortized cost, fair value and unrealized gains or losses on available for sale investments: Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2019: Secured/mortgage loans and other, net $ 645,546 $ 645,546 $ 646,925 $ — Government-sponsored pooled loan investments, net (1) 59,066 52,178 59,066 6,888 Total investments reported as secured loans receivable and investments, net 704,612 697,724 705,991 6,888 Non-mortgage loans receivable, net 63,724 63,724 63,538 — Marketable debt securities (2) 237,360 213,062 237,360 24,298 Total loans receivable and investments, net $ 1,005,696 $ 974,510 $ 1,006,889 $ 31,186 As of December 31, 2018: Secured/mortgage loans and other, net $ 439,491 $ 439,491 $ 425,290 $ — Government-sponsored pooled loan investments, net (3) 56,378 49,601 56,378 6,777 Total investments reported as secured loans receivable and investments, net 495,869 489,092 481,668 6,777 Non-mortgage loans receivable, net 54,164 54,164 54,081 — Marketable debt securities (4) 206,442 197,473 206,442 8,969 Total loans receivable and investments, net $ 756,475 $ 740,729 $ 742,191 $ 15,746 (1) As of December 31, 2019 , investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023. (2) As of December 31, 2019 , investments in marketable debt securities have contractual maturity dates in 2024 and 2026. (3) As of December 31, 2018 , investments in government-sponsored pooled loans have contractual maturity dates in 2023. (4) As of December 31, 2018 , investments in marketable debt securities have contractual maturity dates in 2026. 2019 Activity In April 2019, we purchased $5.0 million and $10.5 million of senior secured notes issued by a healthcare company which mature in 2024 and 2026, respectively. The 2024 and 2026 notes were purchased at a price of 102% and 98% of par, respectively, and have an effective interest rate of 8.1% and 8.3% , respectively. These marketable debt securities are classified as available for sale and are reflected on our Consolidated Balance Sheets at fair value. In June 2019, we provided new secured debt financing of $490 million to certain subsidiaries of Colony Capital, Inc. The London Inter-bank Offered Rate (“LIBOR”) based debt financing has a five-year term (inclusive of three one-year extension options). In connection with this transaction, our previous secured loan to certain subsidiaries of Colony Capital, Inc. of $282 million was paid in full and we recognized a gain of $0.5 million in income from loans and investments in our Consolidated Statements of Income. In July 2019, we closed the first phase of the LGM Acquisition by funding C$947 million (US $723 million ) to LGM as a bridge loan to enable LGM to buy out its former partner. The bridge loan and all outstanding interest was fully repaid in September 2019 upon the closing of the LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY .” 2018 Activity During the year ended December 31, 2018 , we received aggregate proceeds of $862.9 million for the full repayment of the principal balances of 14 loans receivable with a weighted average interest rate of 9.1% that were due to mature between 2018 and 2033, which resulted in total gains of $27.8 million . Included in the repayments above is $713 million that we received in June 2018 for the full repayment of the principal balance of a $700.0 million term loan and $13.0 million then outstanding on a revolving line of credit we made to a subsidiary of Ardent. We also received a $14.0 million cash pre-payment fee and accelerated recognition of the unamortized portion ( $13.2 million ) of a previously received cash “upfront” fee for the loans, resulting in income of $27.2 million , which is recorded in income from loans and investments in our Consolidated Statements of Income. In June 2018, we also made a $200.0 million investment in senior unsecured notes issued by a subsidiary of Ardent at a price of 98.6% of par value. The notes have an effective interest rate of 10.0% and mature in 2026. These marketable debt securities are classified as available for sale and are reflected on our Consolidated Balance Sheets at fair value. There was no impact on our 9.8% equity investment in Ardent as a result of these transactions. |
Investments in Unconsolidated E
Investments in Unconsolidated Entities | 12 Months Ended |
Dec. 31, 2019 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in Unconsolidated Entities | NOTE 7—INVESTMENTS IN UNCONSOLIDATED ENTITIES We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. We are not required to consolidate these entities because our joint venture partners have significant participating rights, nor are these entities considered VIEs, as they are controlled by equity holders with sufficient capital. We account for our interests in real estate joint ventures, as well as our 34% interest in Atria, 34% interest in Eclipse Senior Living (“ESL”) and 9.8% interest in Ardent, which are included within other assets on our Consolidated Balance Sheets, under the equity method of accounting. We provide various services to our unconsolidated real estate joint venture entities in exchange for fees and reimbursements. Total management fees earned in connection with these entities were $3.4 million , $5.8 million and $6.3 million for the years ended December 31, 2019 , 2018 and 2017 , respectively, which is included in office building and other services revenue in our Consolidated Statements of Income. In March 2018, we recognized an impairment charge of $35.7 million relating to one of our equity investments in an unconsolidated real estate joint venture consisting principally of SNFs, which is recorded in loss from unconsolidated entities in our Consolidated Statements of Income. We completed the sale of our 25% interest to our joint venture partner in July 2018 and received $57.5 million |
Intangibles
Intangibles | 12 Months Ended |
Dec. 31, 2019 | |
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract] | |
Intangibles | NOTE 8—INTANGIBLES The following is a summary of our intangibles: As of December 31, 2019 As of December 31, 2018 Balance Remaining Weighted Average Amortization Period in Years Balance Remaining Weighted Average Amortization Period in Years (Dollars in thousands) Intangible assets: Above market lease intangibles $ 145,891 6.9 $ 181,393 6.7 In-place and other lease intangibles 1,160,261 10.6 1,321,562 24.7 Goodwill 1,051,161 N/A 1,050,548 N/A Other intangibles 35,837 10.9 35,759 11.8 Accumulated amortization (920,742 ) N/A (921,107 ) N/A Net intangible assets $ 1,472,408 10.2 $ 1,668,155 22.9 Intangible liabilities: Below market lease intangibles $ 349,357 14.5 $ 356,771 14.4 Other lease intangibles 13,498 N/A 31,418 46.5 Accumulated amortization (203,834 ) N/A (191,909 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 162,589 14.5 $ 199,848 17.2 N/A—Not Applicable Above market lease intangibles and in-place and other lease intangibles are included in acquired lease intangibles within real estate investments on our Consolidated Balance Sheets. Other intangibles (including non-compete agreements, trade names and trademarks) are included in other assets on our Consolidated Balance Sheets. Below market lease intangibles, other lease intangibles and purchase option intangibles are included in accounts payable and other liabilities on our Consolidated Balance Sheets. The change in other lease intangible assets and liabilities is due to the presentation of ground lease intangibles within operating lease assets on our Consolidated Balance Sheets beginning January 1, 2019. See “ NOTE 2—ACCOUNTING POLICIES .” For the years ended December 31, 2019 , 2018 and 2017 , our net amortization related to these intangibles was $59.2 million , $49.2 million and $67.2 million , respectively. The following is a summary of the estimated net amortization related to these intangibles for each of the next five years: Estimated Net Amortization (In thousands) 2020 $ 53,988 2021 46,651 2022 39,315 2023 36,107 2024 28,622 The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2019 : Goodwill (In thousands) Triple-net leased properties $ 321,781 Senior living operations 259,482 Office operations 469,898 Total goodwill $ 1,051,161 |
Other Assets
Other Assets | 12 Months Ended |
Dec. 31, 2019 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | NOTE 9—OTHER ASSETS The following is a summary of our other assets: As of December 31, 2019 2018 (In thousands) Straight-line rent receivables $ 278,833 $ 250,023 Non-mortgage loans receivable, net 63,724 54,164 Marketable debt securities 237,360 206,442 Other intangibles, net 5,149 5,623 Investment in unconsolidated operating entities 59,301 56,820 Other 232,929 186,113 Total other assets $ 877,296 $ 759,185 |
Senior Notes and Other Debt
Senior Notes and Other Debt | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Borrowing Arrangements | NOTE 10—SENIOR NOTES PAYABLE AND OTHER DEBT The following is a summary of our senior notes payable and other debt: As of December 31, 2019 2018 (In thousands) Unsecured revolving credit facility (1) $ 120,787 $ 765,919 Commercial paper notes 567,450 — Secured revolving construction credit facility due 2022 160,492 90,488 3.00% Senior Notes, Series A due 2019 (2) — 293,319 2.70% Senior Notes due 2020 — 500,000 Floating Rate Senior Notes, Series F due 2021 (2) 231,018 — 4.25% Senior Notes due 2022 — 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.30% Senior Notes, Series C due 2022 (2) 192,515 183,325 Unsecured term loan due 2023 200,000 300,000 3.125% Senior Notes due 2023 400,000 400,000 3.10% Senior Notes due 2023 400,000 400,000 2.55% Senior Notes, Series D due 2023 (2) 211,767 201,657 Unsecured term loan due 2024 — 600,000 3.50% Senior Notes due 2024 400,000 — 3.75% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (2) 192,515 183,324 2.80% Senior Notes, Series E due 2024 (2) 462,036 — Unsecured term loan due 2025 (2) 385,030 — 3.50% Senior Notes due 2025 600,000 600,000 2.65% Senior Notes due 2025 450,000 — 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.85% Senior Notes due 2027 400,000 400,000 4.00% Senior Notes due 2028 650,000 650,000 4.40% Senior Notes due 2029 750,000 750,000 3.00% Senior Notes due 2030 650,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,823 22,823 5.45% Senior Notes due 2043 — 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 4.875% Senior Notes due 2049 300,000 — Mortgage loans and other 1,996,969 1,127,697 Total 12,245,802 10,829,702 Deferred financing costs, net (79,939 ) (69,615 ) Unamortized fair value adjustment 20,056 (1,163 ) Unamortized discounts (27,146 ) (25,225 ) Senior notes payable and other debt $ 12,158,773 $ 10,733,699 (1) As of December 31, 2019 and 2018 , respectively, $26.2 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.6 million and $27.8 million were denominated in British pounds as of December 31, 2019 and 2018 , respectively. (2) Canadian Dollar debt obligations shown in US Dollars. Credit Facilities, Commercial Paper and Unsecured Term Loans Our unsecured credit facility is comprised of a $3.0 billion unsecured revolving credit facility priced at LIBOR plus 0.875% , as of December 31, 2019 . The unsecured revolving credit facility matures in 2021, but may be extended at our option subject to the satisfaction of certain conditions for two additional periods of six months each. The unsecured revolving credit facility also includes an accordion feature that permits us to increase our aggregate borrowing capacity thereunder to up to $3.75 billion . Our unsecured credit facility imposes certain customary restrictions on us, including restrictions pertaining to: (i) liens; (ii) investments; (iii) the incurrence of additional indebtedness; (iv) mergers and dissolutions; (v) certain dividend, distribution and other payments; (vi) permitted businesses; (vii) transactions with affiliates; (viii) agreements limiting certain liens; and (ix) the maintenance of certain consolidated total leverage, secured debt leverage, unsecured debt leverage and fixed charge coverage ratios and minimum consolidated adjusted net worth, and contains customary events of default. In January 2019, our wholly-owned subsidiary, Ventas Realty, Limited Partnership (“Ventas Realty”), established an unsecured commercial paper program. Under the terms of the program, we may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1.0 billion . The notes are sold under customary terms in the United States commercial paper note market and are ranked pari passu with all of Ventas Realty’s other unsecured senior indebtedness. The notes are fully and unconditionally guaranteed by Ventas, Inc. As of December 31, 2019 , $567.5 million was outstanding under our commercial paper program. As of December 31, 2019 , $120.8 million was outstanding under the unsecured revolving credit facility with an additional $24.0 million restricted to support outstanding letters of credit. In addition, we limit our utilization of the unsecured revolving credit facility in order to maintain liquidity and to support our commercial paper program. Including these internal limits, we had $2.3 billion in available liquidity under the unsecured revolving credit facility as of December 31, 2019 . In June 2019, we repaid $100.0 million of the balance outstanding on the $300.0 million unsecured term loan that matures in 2023 and repaid in full the $600.0 million unsecured term loan that was set to mature in 2024 and, as a result, we recognized a non-cash charge to loss on extinguishment of debt of $3.2 million during the second quarter of 2019. We originally entered into this $900.0 million unsecured term loan facility in June 2018, which replaced and repaid in full our previous $900.0 million unsecured term loan due 2020. As of December 31, 2019 , we had a $200.0 million unsecured term loan priced at LIBOR plus 0.90% that matures in 2023. The term loan also includes an accordion feature that effectively permits us to increase our aggregate borrowings thereunder to up to $800.0 million . As of December 31, 2019 , we had a $400.0 million secured revolving construction credit facility with $160.5 million of borrowings outstanding. The secured revolving construction credit facility matures in 2022 and is primarily used to finance the development of research and innovation centers and other construction projects. In September 2019, we entered into a new C$500 million unsecured term loan facility priced at Canadian Dollar Offered Rate (“CDOR”) plus 0.90% that matures in 2025. Senior Notes As of December 31, 2019 , we had outstanding $7.5 billion aggregate principal amount of senior notes issued by Ventas Realty ( $500.0 million of which was co-issued by Ventas Realty’s wholly owned subsidiary, Ventas Capital Corporation), approximately $75.2 million aggregate principal amount of senior notes issued by Nationwide Health Properties, Inc. (“NHP”) and assumed by our subsidiary, Nationwide Health Properties, LLC (“NHP LLC”), as successor to NHP, in connection with our acquisition of NHP, and C$1.7 billion aggregate principal amount of senior notes issued by our subsidiary, Ventas Canada Finance Limited (“Ventas Canada”). All of the senior notes issued by Ventas Realty and Ventas Canada are unconditionally guaranteed by Ventas, Inc. Ventas Realty’s senior notes are part of our and Ventas Realty’s general unsecured obligations, ranking equal in right of payment with all of our and Ventas Realty’s existing and future senior obligations and ranking senior in right of payment to all of our and Ventas Realty’s existing and future subordinated indebtedness. However, Ventas Realty’s senior notes are effectively subordinated to our and Ventas Realty’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. Ventas Realty’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of our subsidiaries (other than Ventas Realty and, with respect to those senior notes co-issued by Ventas Capital Corporation, Ventas Capital Corporation). Ventas Canada’s senior notes are part of our and Ventas Canada’s general unsecured obligations, ranking equal in right of payment with all of Ventas Canada’s existing and future subordinated indebtedness. However, Ventas Canada’s senior notes are effectively subordinated to our and Ventas Canada’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. Ventas Canada’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of our subsidiaries (other than Ventas Canada). NHP LLC’s senior notes are part of NHP LLC’s general unsecured obligations, ranking equal in right of payment with all of NHP LLC’s existing and future senior obligations and ranking senior to all of NHP LLC’s existing and future subordinated indebtedness. However, NHP LLC’s senior notes are effectively subordinated to NHP LLC’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. NHP LLC’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of its subsidiaries. Ventas Realty and Ventas Canada may redeem each series of their respective senior notes in whole at any time or in part from time to time, prior to maturity at the redemption prices set forth in the applicable indenture (which include, in many instances, a make-whole premium), plus, in each case, accrued and unpaid interest thereon to the redemption date. NHP LLC’s 6.90% senior notes due 2037 are subject to repurchase at the option of the holders, at par, on October 1, 2027, and its 6.59% senior notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7 in each of 2023 and 2028. 2019 Activity In January 2019, we redeemed $258.8 million aggregate principal amount then outstanding of our 5.45% senior notes due 2043 at a public offering price at par, plus accrued and unpaid interest to the redemption date. Notice of the redemption was given in November 2018 and, as a result, we recognized a non-cash charge to loss on extinguishment of debt of $7.1 million during the year ended December 31, 2018 and $0.4 million during the first quarter of 2019. In February 2019, Ventas Realty issued and sold $400.0 million aggregate principal amount of 3.50% senior notes due 2024 at a public offering price equal to 99.88% of par and $300.0 million aggregate principal amount of 4.875% senior notes due 2049 at a public offering price equal to 99.77% of par. In June 2019, Ventas Realty issued $450.0 million aggregate principal amount of 2.65% senior notes due 2025 at a public offering price equal to 99.45% of par. The notes were settled and proceeds were received in July 2019. In July 2019, in connection with an announced cash tender offer for such notes, we tendered $397.1 million principal amount then outstanding of our 2.70% senior notes due 2020 for a tender offer consideration of 100.37% of par value, plus accrued and unpaid interest to the payment date. In August 2019, we repaid the remaining balance then outstanding of our 2.70% senior notes due 2020 of $102.9 million . As a result of the redemption and repayment, we recognized a total loss on extinguishment of debt of $2.4 million . In August 2019, Ventas Realty issued and sold $650.0 million aggregate principal amount of 3.00% senior notes due 2030 at a public offering price equal to 99.51% of par. In August 2019, in connection with an announced cash tender offer for such notes, we tendered $395.7 million principal amount then outstanding of our 4.25% senior notes due 2022 for a tender offer consideration of 105.46% of par value, plus accrued and unpaid interest to the payment date. In September 2019, we repaid the remaining balance then outstanding of our 4.25% senior notes due 2022 of $204.3 million . As a result of the redemption and repayment, we recognized a loss on extinguishment of debt of $35.9 million . In September 2019, we repaid in full, at par, C$400.0 million principal amount then outstanding of our 3.00% senior notes, Series A due 2019 upon maturity. In November 2019, Ventas Canada issued and sold C$600 million aggregate principal amount of 2.80% senior notes, Series E due 2024 and C$300 million aggregate principal amount of floating rate senior notes, Series F due 2021, at a public offering price equal to 99.99% and 100.00% , respectively, of par. 2018 Activity In February 2018, we repaid in full, at par, $700.0 million aggregate principal amount then outstanding of our 2.00% senior notes due February 2018 upon maturity. In February 2018, Ventas Realty issued and sold $650.0 million aggregate principal amount of 4.00% senior notes due 2028 at a public offering price equal to 99.23% of par. In February 2018, we redeemed $502.1 million aggregate principal amount then outstanding of our 4.00% senior notes due April 2019 at a public offering price of 101.83% of par, plus accrued and unpaid interest to the redemption date, and recognized a loss on extinguishment of debt of $11.0 million . The redemption was funded using cash on hand and borrowings under our unsecured revolving credit facility. In April 2018, we repaid the remaining balance then outstanding of our 4.00% senior notes due April 2019 of $97.9 million and recognized a loss on extinguishment of debt of $1.8 million . In August 2018, Ventas Realty issued and sold $750.0 million aggregate principal amount of 4.40% senior notes due 2029 at a public offering price equal to 99.95% of par. In August 2018, we redeemed $549.5 million aggregate principal amount then outstanding of our 4.75% senior notes due 2021 at a public offering price of 104.56% of par, plus accrued and unpaid interest to the redemption date, and recognized a loss on extinguishment of debt of $28.3 million . The redemption was funded using proceeds from our August 2018 senior note issuance, cash on hand and borrowings under our unsecured revolving credit facility. In September 2018, we repaid the remaining balance then outstanding of our 4.75% senior notes due 2021 of $150.5 million and recognized a loss on extinguishment of debt of $7.6 million . Mortgages At December 31, 2019 , we had 89 mortgage loans outstanding in the aggregate principal amount of $2.0 billion and secured by 84 of our properties. Of these loans, 67 loans in the aggregate principal amount of $1.3 billion bear interest at fixed rates ranging from 2.0% to 13.0% per annum, and 22 loans in the aggregate principal amount of $671.1 million bear interest at variable rates ranging from 1.2% to 4.4% per annum as of December 31, 2019 . At December 31, 2019 , the weighted average annual rate on our fixed rate mortgage loans was 3.7% , and the weighted average annual rate on our variable rate mortgage loans was 3.4% . Our mortgage loans had a weighted average maturity of 4.2 years as of December 31, 2019 . During the years ended December 31, 2019 and 2018 , we repaid in full mortgage loans in the aggregate principal amount of $97.7 million and $485.7 million , respectively. In September 2019, we assumed C$1.2 billion mortgage debt (included in the $2.0 billion above), including a fair value premium of C$16.6 million , in connection with the LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY .” Scheduled Maturities of Borrowing Arrangements and Other Provisions The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2019 : Principal Amount Due at Maturity Unsecured Revolving Credit Facility and Commercial Paper Notes (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2020 $ 276,653 $ 567,450 $ 40,291 $ 884,394 2021 361,046 120,787 38,954 520,787 2022 1,269,661 — 33,163 1,302,824 2023 1,602,104 — 19,409 1,621,513 2024 1,571,967 — 13,058 1,585,025 Thereafter 6,243,430 — 87,829 6,331,259 Total maturities $ 11,324,861 $ 688,237 $ 232,704 $ 12,245,802 (1) As of December 31, 2019 , we had $581.9 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $106.4 million of unrestricted cash and cash equivalents. The instruments governing our outstanding indebtedness contain covenants that limit our ability and the ability of certain of our subsidiaries to, among other things: (i) incur debt; (ii) make certain dividends, distributions and investments; (iii) enter into certain transactions; and/or (iv) merge, consolidate or sell certain assets. Ventas Realty’s and Ventas Canada’s senior notes also require us and our subsidiaries to maintain total unencumbered assets of at least 150% of our unsecured debt. Our credit facilities also require us to maintain certain financial covenants pertaining to, among other things, our consolidated total leverage, secured debt, unsecured debt, fixed charge coverage and net worth. As of December 31, 2019 , we were in compliance with all of these covenants. Derivatives and Hedging In the normal course of our business, interest rate fluctuations affect future cash flows under our variable rate debt obligations, loans receivable and marketable debt securities, and foreign currency exchange rate fluctuations affect our operating results. We follow established risk management policies and procedures, including the use of derivative instruments, to mitigate the impact of these risks. We do not use derivative instruments for trading or speculative purposes, and we have a policy of entering into contracts only with major financial institutions based upon their credit ratings and other factors. When considered together with the underlying exposure that the derivative is designed to hedge, we do not expect that the use of derivatives in this manner would have any material adverse effect on our future financial condition or results of operations. As of December 31, 2019 , our variable rate debt obligations of $2.0 billion reflect, in part, the effect of $147.8 million notional amount of interest rate swaps with maturities ranging from March 2022 to May 2022 that effectively convert fixed rate debt to variable rate debt. As of December 31, 2019 , our fixed rate debt obligations of $10.3 billion reflect, in part, the effect of $505.1 million and C$119.8 million notional amount of interest rate swaps with maturities ranging from August 2020 to December 2029 |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Values of Financial Instruments | NOTE 11—FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts and fair values of our financial instruments were as follows: As of December 31, 2019 As of December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 106,363 $ 106,363 $ 72,277 $ 72,277 Escrow deposits and restricted cash 39,739 39,739 59,187 59,187 Secured mortgage loans and other, net 645,546 646,925 439,491 425,290 Non-mortgage loans receivable, net 63,724 63,538 54,164 54,081 Marketable debt securities 237,360 237,360 206,442 206,442 Government-sponsored pooled loan investments, net 59,066 59,066 56,378 56,378 Derivative instruments 738 738 6,012 6,012 Liabilities: Senior notes payable and other debt, gross 12,245,802 12,778,758 10,829,702 10,617,074 Derivative instruments 12,987 12,987 4,561 4,561 Redeemable OP Units 171,178 171,178 174,552 174,552 For a discussion of the assumptions considered, refer to “ NOTE 2—ACCOUNTING POLICIES .” The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. Accordingly, the estimates presented above are not necessarily indicative of the amounts we would realize in a current market exchange. |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Stock-Based Compensation | NOTE 12—STOCK- BASED COMPENSATION Compensation Plans We currently have: four plans under which outstanding options to purchase common stock, shares of restricted stock or restricted stock units have been, or may in the future be, granted to our officers, employees and non-employee directors (the 2000 Incentive Compensation Plan (Employee Plan), the 2006 Incentive Plan, the 2006 Stock Plan for Directors, and the 2012 Incentive Plan); one plan under which executive officers may receive common stock in lieu of compensation (the Executive Deferred Stock Compensation Plan); and one plan under which certain non-employee directors have received or may receive common stock in lieu of director fees (the Nonemployee Directors’ Deferred Stock Compensation Plan). These plans are referred to collectively as the “Plans.” During the year ended December 31, 2019 , we were permitted to issue shares and grant options, restricted stock and restricted stock units only under the Executive Deferred Stock Compensation Plan, the Nonemployee Directors’ Deferred Stock Compensation Plan and the 2012 Incentive Plan. The 2006 Incentive Plan and the 2006 Stock Plan for Directors (collectively, the “2006 Plans”) expired on December 31, 2012, and no additional grants were permitted under those Plans after that date. The number of shares initially reserved for issuance and the number of shares available for future grants or issuance under these Plans as of December 31, 2019 were as follows: • Executive Deferred Stock Compensation Plan— 0.6 million shares were reserved initially for issuance to our executive officers in lieu of the payment of all or a portion of their salary, at their option, and 0.6 million shares were available for future issuance as of December 31, 2019 . • Nonemployee Directors’ Deferred Stock Compensation Plan— 0.6 million shares were reserved initially for issuance to nonemployee directors in lieu of the payment of all or a portion of their retainer and meeting fees, at their option, and 0.4 million shares were available for future issuance as of December 31, 2019 . • 2012 Incentive Plan— 10.5 million shares (plus the number of shares or options outstanding under the 2006 Plans as of December 31, 2012 that were or are subsequently forfeited or expire unexercised) were reserved initially for grants or issuance to employees and non-employee directors, and 3.0 million shares (plus the number of shares or options outstanding under the 2006 Plans as of December 31, 2019 that were or are subsequently forfeited or expire unexercised) were available for future issuance as of December 31, 2019 . Outstanding options issued under the Plans are exercisable at the market price on the date of grant, expire ten years from the date of grant, and vest or have vested over periods of two or three years . If provided in the applicable Plan or award agreement, the vesting of stock options may accelerate upon a change of control (as defined in the applicable Plan) of Ventas, Inc. and other specified events. Stock Options The following is a summary of stock option activity in 2019 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2018 4,783 $ 59.20 Options granted — — Options exercised (700 ) 51.68 Options forfeited (6 ) 60.50 Options expired — — Outstanding as of December 31, 2019 4,077 60.49 5.7 $ 7,379 Exercisable as of December 31, 2019 4,014 60.49 5.7 $ 7,415 Compensation costs for all share-based awards are based on the grant date fair value and are recognized on a straight-line basis during the requisite service periods, with charges recorded in general, administrative and professional fees. Compensation costs related to stock options for the years ended December 31, 2019 , 2018 and 2017 were $0.3 million , $2.6 million and $4.8 million , respectively. Aggregate proceeds received from options exercised under the Plans for the years ended December 31, 2019 , 2018 and 2017 were $36.1 million , $8.8 million and $16.3 million , respectively. The total intrinsic value at exercise of options exercised during the years ended December 31, 2019 , 2018 and 2017 was $12.3 million , $3.1 million and $7.0 million , respectively. There was no deferred income tax benefit for stock options exercised. Restricted Stock and Restricted Stock Units We recognize the fair value of shares of restricted stock and restricted stock units on the grant date of the award as stock-based compensation expense over the requisite service period, with charges to general, administrative and professional fees of $33.6 million , $27.3 million and $21.7 million in 2019 , 2018 and 2017 , respectively. Restricted stock and restricted stock units generally vest over periods ranging from two to five years . If provided in the applicable Plan or award agreement, the vesting of restricted stock and restricted stock units may accelerate upon a change of control (as defined in the applicable Plan) of Ventas and other specified events. A summary of the status of our non-vested restricted stock and restricted stock units, including performance-based awards, as of December 31, 2019 , and changes during the year ended December 31, 2019 follows: Restricted Stock (000’s) Weighted Average Grant Date Fair Value Restricted Stock Units (000’s) Weighted Average Grant Date Fair Value Nonvested at December 31, 2018 276 $ 53.64 628 $ 57.70 Granted 143 62.69 304 59.85 Vested (149 ) 54.20 (371 ) 60.73 Forfeited (22 ) 57.24 (22 ) 53.69 Nonvested at December 31, 2019 248 58.21 539 56.99 As of December 31, 2019 , we had $15.1 million of unrecognized compensation cost related to non-vested restricted stock and restricted stock units under the Plans. We expect to recognize that cost over a weighted average period of 1.66 years. The total fair value at the vesting date for restricted stock and restricted stock units that vested during the years ended December 31, 2019 , 2018 and 2017 was $31.6 million , $15.5 million and $16.6 million , respectively. Employee and Director Stock Purchase Plan We have in effect an Employee and Director Stock Purchase Plan (“ESPP”) under which our employees and directors may purchase shares of our common stock at a discount. Pursuant to the terms of the ESPP, on each purchase date, participants may purchase shares of common stock at a price not less than 90% of the market price on that date (with respect to the employee tax-favored portion of the plan) and not less than 95% of the market price on that date (with respect to the additional employee and director portion of the plan). We initially reserved 3.0 million shares for issuance under the ESPP. As of December 31, 2019 , 0.1 million shares had been purchased under the ESPP and 2.9 million shares were available for future issuance. Employee Benefit Plan We maintain a 401(k) plan that allows eligible employees to defer compensation subject to certain limitations imposed by the Code. In 2019 , we made contributions for each qualifying employee of up to 3.5% of his or her salary, subject to certain limitations. During 2019 , 2018 and 2017 , our aggregate contributions were approximately $1.5 million , $1.5 million and $1.4 million , respectively. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 13—INCOME TAXES We have elected to be taxed as a REIT under the applicable provisions of the Code, as amended, for every year beginning with the year ended December 31, 1999. We have also elected for certain of our subsidiaries to be treated as TRS entities, which are subject to federal, state and foreign income taxes. All entities other than the TRS entities are collectively referred to as the “REIT” within this note. Certain REIT entities are subject to foreign income tax. Although we intend to continue to operate in a manner that will enable us to qualify as a REIT, such qualification depends upon our ability to meet, on a continuing basis, various distribution, stock ownership and other tests. Our tax treatment of distributions per common share was as follows: For the Years Ended December 31, 2019 2018 2017 Tax treatment of distributions: Ordinary income $ — $ — $ 1.02814 Qualified ordinary income 0.12230 0.00375 0.00337 199A qualified business income 2.22898 2.97465 — Long-term capital gain — 0.05916 1.07836 Unrecaptured Section 1250 gain 0.03434 0.12244 0.21513 Non-dividend distribution 0.78438 — — Distribution reported for 1099-DIV purposes 3.17000 3.16000 2.32500 Add: Dividend declared in current year and taxable in following year 0.79250 0.79250 0.79000 Less: Dividend declared in prior year and taxable in current year (0.79250 ) (0.79000 ) — Distribution declared per common share outstanding $ 3.17000 $ 3.16250 $ 3.11500 We believe we have met the annual REIT distribution requirement by payment of at least 90% of our estimated taxable income for 2019 , 2018 and 2017 . Our consolidated benefit for income taxes was as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Current - Federal $ (1,840 ) $ (2,953 ) $ (5,672 ) Current - State 2,118 1,332 1,119 Deferred - Federal (49,532 ) (32,492 ) (54,396 ) Deferred - State (3,353 ) (825 ) 3,237 Current - Foreign 2,335 1,892 2,307 Deferred - Foreign (6,038 ) (6,907 ) (6,394 ) Total $ (56,310 ) $ (39,953 ) $ (59,799 ) The 2019 income tax benefit is primarily due to the $57.7 million reversal of valuation allowances recorded against the net deferred tax assets of certain of our TRS entities. During the second quarter of 2019, we concluded it was “more-likely than-not” that these deferred tax assets (primarily US federal NOL carryforwards which begin to expire in 2031) would be realized. This conclusion was based on recently sustained profitability and recent upward revisions to estimates of future taxable income for these TRS entities. The 2018 income tax benefit is primarily due to the reversal of a $23.2 million valuation allowance on deferred interest carryforwards and tax losses of certain TRS entities. The $23.2 million valuation allowance reversal was an adjustment to the provisional amount recorded in the prior year related to enactment of the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) and was made based upon additional guidance issued by the IRS subsequent to enactment of the 2017 Tax Act. The 2017 income tax benefit is primarily due to accounting for the 2017 Tax Act, specifically a $64.5 million benefit from the reduced U.S. federal corporate tax rate on net deferred tax liabilities and an offsetting expense of $23.3 million to establish the valuation allowance on deferred interest carryforwards (subsequently reversed in 2018), losses of certain TRS entities and the release of a tax reserve. Although the TRS entities and certain other foreign entities have paid minimal cash federal, state and foreign income taxes for the year ended December 31, 2019 , their income tax liabilities may increase in future years as we exhaust net operating loss (“NOL”) carryforwards and as our senior living and other operations grow. Such increases could be significant. A reconciliation of income tax expense and benefit, which is computed by applying the federal corporate tax rate for the years ended December 31, 2019 , 2018 and 2017 , to the income tax benefit is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 77,803 $ 80,811 $ 204,742 State income taxes, net of federal benefit 2,341 (253 ) (1,115 ) Change in valuation allowance from ordinary operations (47,227 ) (5,451 ) 8,237 Decrease in ASC 740 income tax liability — (4,347 ) (4,750 ) Tax at statutory rate on earnings not subject to federal income taxes (90,862 ) (89,947 ) (231,379 ) Foreign rate differential and foreign taxes 1,407 1,924 6,407 Change in tax status of TRS (52 ) 359 (690 ) Effect of the 2017 Tax Act — (23,160 ) (41,212 ) Other differences 280 111 (39 ) Income tax benefit $ (56,310 ) $ (39,953 ) $ (59,799 ) Each TRS is a tax paying component for purposes of classifying deferred tax assets and liabilities. The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities are summarized as follows: As of December 31, 2019 2018 2017 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (257,373 ) $ (269,758 ) $ (300,395 ) Operating loss and interest deduction carryforwards 136,771 133,243 146,732 Expense accruals and other 7,380 11,910 12,890 Valuation allowance (40,114 ) (80,614 ) (109,319 ) Net deferred tax liabilities $ (153,336 ) $ (205,219 ) $ (250,092 ) We established beginning net deferred tax assets and liabilities related to temporary differences between the financial reporting and the tax bases of assets acquired and liabilities assumed (primarily property, intangible and related assets, net of NOL carryforwards) in connection with the following acquisitions: For the Years Ended December 31, 2019 2018 2017 (In thousands) Research and innovation acquisition $ — $ — $ 19,262 Miscellaneous acquisitions — (922 ) (4,510 ) Established beginning deferred tax assets or liabilities $ — $ (922 ) $ 14,752 Our net deferred tax liability decreased $51.9 million during 2019 primarily due to the $57.7 million reversal of valuation allowances recorded against the net deferred tax assets of certain of our TRS entities. Our net deferred tax liability decreased $44.8 million during 2018 primarily due to accounting for IRS guidance issued subsequent to the enactment of the 2017 Tax Act, specifically a $23.2 million benefit for the reversal of a valuation allowance on deferred interest carryforwards, and tax losses of certain TRS entities. Our net deferred tax liability decreased $66.5 million during 2017 primarily due to accounting for the 2017 Tax Act, specifically a $64.5 million benefit from the reduced U.S. federal corporate tax rate on net deferred tax liabilities and an offsetting expense of $23.3 million to establish a provisional adjustment on deferred interest carryforwards, the impact of TRS operating losses, currency translation adjustments, and purchase accounting adjustments. Due to uncertainty regarding the realization of certain deferred tax assets, we have established valuation allowances, primarily in connection with the NOL carryforwards related to certain TRSs. The amounts related to NOLs at the TRS entities for 2019 , 2018 and 2017 are $21.2 million , $55.1 million and $67.1 million , respectively. We are subject to corporate level taxes (“built-in gains tax”) for any asset dispositions during the five-year period immediately after the assets were owned by a C corporation (either prior to our REIT election, through stock acquisition or merger). The amount of income potentially subject to built-in gains tax is generally equal to the lesser of the excess of the fair value of the asset over its adjusted tax basis as of the date it became a REIT asset or the actual amount of gain. Some, but not all, future gains could be offset by available NOL carryforwards. At December 31, 2019 , 2018 and 2017 , the REIT had NOL carryforwards of $858.6 million , $910.7 million and $973.4 million , respectively. Additionally, the REIT has $12.6 million of federal income tax credits that were carried over from acquisitions. These amounts can be used to offset future taxable income (and/or taxable income for prior years if an audit determines that tax is owed), if any. The REIT will be entitled to utilize NOLs and tax credit carryforwards only to the extent that REIT taxable income exceeds our deduction for dividends paid. Certain NOL and credit carryforwards are limited as to their utilization by Section 382 of the Code. The remaining REIT carryforwards begin to expire in 2020 . For the years ended December 31, 2019 and 2018 , the net difference between tax bases and the reported amount of REIT assets and liabilities for federal income tax purposes was approximately $3.5 billion and $3.8 billion , respectively, less than the book bases of those assets and liabilities for financial reporting purposes. Generally, we are subject to audit under the statute of limitations by the Internal Revenue Service (“IRS”) for the year ended December 31, 2016 and subsequent years and are subject to audit by state taxing authorities for the year ended December 31, 2015 and subsequent years. We are subject to audit generally under the statutes of limitation by the Canada Revenue Agency and provincial authorities with respect to the Canadian entities for the year ended December 31, 2015 and subsequent years. We are also subject to audit in Canada for periods subsequent to the acquisition, and certain prior periods, with respect to entities acquired in 2014 from Holiday Retirement. We are subject to audit in the United Kingdom generally for the periods ended in and subsequent to 2018 . The following table summarizes the activity related to our unrecognized tax benefits: 2019 2018 (In thousands) Balance as of January 1 $ 12,344 $ 16,765 Additions to tax positions related to prior years 178 207 Subtractions to tax positions related to prior years (395 ) (1,720 ) Subtractions to tax positions as a result of the lapse of the statute of limitations — (2,908 ) Balance as of December 31 $ 12,127 $ 12,344 Included in these unrecognized tax benefits of $12.1 million and $12.3 million at December 31, 2019 and 2018 , respectively, were $10.7 million and $10.6 million of tax benefits at December 31, 2019 and 2018 , respectively, that, if recognized, would reduce our annual effective tax rate. We accrued no interest or penalties related to the unrecognized tax benefits during 2019 . We do not expect our unrecognized tax benefits to increase or decrease materially in 2020 . As a part of the transfer pricing structure in the normal course of business, the REIT enters into transactions with certain TRSs, such as leasing transactions, other capital financing and allocation of general and administrative costs, which transactions are intended to comply with Internal Revenue Service and foreign tax authority transfer pricing rules. Subsequent Event In the first quarter of 2020, we completed an internal restructuring of certain US taxable REIT subsidiaries. As a result, we expect to record a $152 million tax benefit from the transfer of assets subject to certain deferred tax liabilities from taxable REIT subsidiaries to the REIT in this tax-free transaction. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 14—COMMITMENTS AND CONTINGENCIES Proceedings against Tenants, Operators and Managers From time to time, Atria, Sunrise, Brookdale Senior Living, Ardent, Kindred and our other tenants, operators and managers are parties to certain legal actions, regulatory investigations and claims arising in the conduct of their business and operations. Even though we generally are not party to these proceedings, the unfavorable resolution of any such actions, investigations or claims could, individually or in the aggregate, materially adversely affect such tenants’, operators’ or managers’ liquidity, financial condition or results of operations and their ability to satisfy their respective obligations to us, which, in turn, could have a Material Adverse Effect on us. Proceedings Indemnified and Defended by Third Parties From time to time, we are party to certain legal actions, regulatory investigations and claims for which third parties are contractually obligated to indemnify, defend and hold us harmless. The tenants of our triple-net leased properties and, in some cases, their affiliates are required by the terms of their leases and other agreements with us to indemnify, defend and hold us harmless against certain actions, investigations and claims arising in the course of their business and related to the operations of our triple-net leased properties. In addition, third parties from whom we acquired certain of our assets and, in some cases, their affiliates are required by the terms of the related conveyance documents to indemnify, defend and hold us harmless against certain actions, investigations and claims related to the acquired assets and arising prior to our ownership or related to excluded assets and liabilities. In some cases, a portion of the purchase price consideration is held in escrow for a specified period of time as collateral for these indemnification obligations. We are presently being defended by certain tenants and other obligated third parties in these types of matters. We cannot assure you that our tenants, their affiliates or other obligated third parties will continue to defend us in these matters, that our tenants, their affiliates or other obligated third parties will have sufficient assets, income and access to financing to enable them to satisfy their defense and indemnification obligations to us or that any purchase price consideration held in escrow will be sufficient to satisfy claims for which we are entitled to indemnification. The unfavorable resolution of any such actions, investigations or claims could, individually or in the aggregate, materially adversely affect our tenants’ or other obligated third parties’ liquidity, financial condition or results of operations and their ability to satisfy their respective obligations to us, which, in turn, could have a Material Adverse Effect on us. Proceedings Arising in Connection with Senior Living and Office Operations; Other Litigation From time to time, we are party to various legal actions, regulatory investigations and claims (some of which may not be insured and some of which may allege large damage amounts) arising in connection with our senior living and office operations or otherwise in the course of our business. In limited circumstances, the manager of the applicable seniors housing community, MOB or research and innovation center may be contractually obligated to indemnify, defend and hold us harmless against such actions, investigations and claims. It is the opinion of management that, except as otherwise set forth in this note, that the disposition of any such actions, investigations and claims that are currently pending will not, individually or in the aggregate, have a Material Adverse Effect on us. However, regardless of their merits, we may be forced to expend significant financial resources to defend and resolve these matters. We are unable to predict the ultimate outcome of these actions, investigations and claims, and if management’s assessment of our liability with respect thereto is incorrect, such actions, investigations and claims could have a Material Adverse Effect on us. Certain Obligations, Liabilities and Litigation We may be subject to various obligations, liabilities and litigation assumed in connection with or arising out of our acquisitions or otherwise arising in connection with our business, some of which may be indemnifiable by third parties. If these liabilities are greater than expected or were not known to us at the time of acquisition, if we are not entitled to indemnification, or if the responsible third party fails to indemnify us, such obligations, liabilities and litigation could have a Material Adverse Effect on us. In addition, in connection with the sale or leasing of our properties, we may incur various obligations and liabilities, including indemnification obligations to the buyer or tenant, relating to the operations of those properties, which could have a Material Adverse Effect on us. Operating Leases We lease real property, primarily land and corporate office space, and equipment, primarily vehicles at our seniors housing communities. At inception, we establish an operating lease asset and operating lease liability calculated as the present value of future minimum lease payments. As our leases do not provide an implicit rate, we use a discount rate that approximates our incremental borrowing rate available at lease commencement to determine the present value. Incremental borrowing rates are adjusted for the length of the individual lease term. The weighted average discount rate and remaining lease term of our leases as of December 31, 2019 are 7.25% and 41.8 years, respectively. Operating lease assets and liabilities are not recognized for leases with an initial term of 12 months or less. Our lease expense primarily consists of ground and corporate office leases. Ground lease expense is included in interest expense and corporate office lease expense is included in general, administrative and professional fees in the Company's Consolidated Statements of Income. For the years ended December 31, 2019 and 2018 we recognized $32.6 million and $32.3 million of expense relating to our leases. For the years ended December 31, 2019 and 2018, cash paid for leases was $25.8 million and $26.7 million , respectively as reported within operating cash outflows in our Consolidated Statements of Cash Flows. The following table summarizes future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2019 (in thousands): 2020 $ 24,395 2021 (1) 56,948 2022 (1) 28,023 2023 19,322 2024 18,398 Thereafter 644,996 Total undiscounted minimum lease payments 792,082 Less: imputed interest (540,886 ) Operating lease liabilities $ 251,196 (1) Obligations include payment of ground rent upon substantial completion of in progress research and innovation developments. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | NOTE 15—EARNINGS PER SHARE The following table shows the amounts used in computing our basic and diluted earnings per common share: For the Years Ended December 31, 2019 2018 2017 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 439,297 $ 415,991 $ 1,361,222 Discontinued operations — (10 ) (110 ) Net income 439,297 415,981 1,361,112 Net income attributable to noncontrolling interests 6,281 6,514 4,642 Net income attributable to common stockholders $ 433,016 $ 409,467 $ 1,356,470 Denominator: Denominator for basic earnings per share—weighted average shares 365,977 356,265 355,326 Effect of dilutive securities: Stock options 391 174 494 Restricted stock awards 527 331 265 OP unitholder interests 2,991 2,531 2,481 Denominator for diluted earnings per share—adjusted weighted average shares 369,886 359,301 358,566 Basic earnings per share: Income from continuing operations $ 1.20 $ 1.17 $ 3.83 Net income attributable to common stockholders 1.18 1.15 3.82 Diluted earnings per share: Income from continuing operations $ 1.19 $ 1.16 $ 3.80 Net income attributable to common stockholders 1.17 1.14 3.78 There were 1.1 million , 3.5 million and 3.0 million anti-dilutive options outstanding for the years ended December 31, 2019 , 2018 and 2017 , respectively. |
Permanent and Temporary Equity
Permanent and Temporary Equity | 12 Months Ended |
Dec. 31, 2019 | |
Equity [Abstract] | |
Permanent and Temporary Equity | NOTE 16—PERMANENT AND TEMPORARY EQUITY Capital Stock From time to time, we may sell up to an aggregate of $1.0 billion of our common stock under an “at-the-market” equity offering program (“ATM program”). During the year ended December 31, 2019 , we sold 2.7 million shares of our common stock under our ATM program for gross proceeds of $66.75 per share. As of December 31, 2019 , $822.1 million of our common stock remained available for sale under our ATM program. In June 2019, we sold 12.7 million shares of our common stock under a registered public offering for gross proceeds of $62.75 per share. We used the majority of the net proceeds to fund our LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY ” and “ NOTE 6—LOANS RECEIVABLE AND INVESTMENTS ” for additional information regarding the LGM Acquisition. During the year ended December 31, 2018, we sold no shares of common stock under our ATM program. During the year ended December 31, 2017, we issued and sold 1.1 million shares of common stock under our previous ATM program. Excess Share Provision In order to preserve our ability to maintain REIT status, our Charter provides that if a person acquires beneficial ownership of more than 9% of our outstanding common stock or 9.9% of our outstanding preferred stock, the shares that are beneficially owned in excess of such limit are deemed to be excess shares. These shares are automatically deemed transferred to a trust for the benefit of a charitable institution or other qualifying organization selected by our Board of Directors. The trust is entitled to all dividends with respect to the shares and the trustee may exercise all voting power over the shares. We have the right to buy the excess shares for a purchase price equal to the lesser of the price per share in the transaction that created the excess shares or the market price on the date we buy the shares, and we may defer payment of the purchase price for the excess shares for up to five years . If we do not purchase the excess shares, the trustee of the trust is required to transfer the excess shares at the direction of the Board of Directors. The owner of the excess shares is entitled to receive the lesser of the proceeds from the sale or the original purchase price for such excess shares, and any additional amounts are payable to the beneficiary of the trust. As of December 31, 2019 , there were no shares in the trust. Our Board of Directors is empowered to grant waivers from the excess share provisions of our Charter. Accumulated Other Comprehensive Loss The following is a summary of our accumulated other comprehensive loss: As of December 31, 2019 2018 (In thousands) Foreign currency translation $ (51,743 ) $ (55,016 ) Available for sale securities 27,380 15,746 Derivative instruments (10,201 ) 19,688 Total accumulated other comprehensive loss $ (34,564 ) $ (19,582 ) Redeemable OP Unitholder and Noncontrolling Interests The following is a rollforward of our redeemable OP unitholder and noncontrolling interests for 2019 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2018 $ 174,552 $ 13,589 $ 188,141 New issuances (1) — 81,181 81,181 Change in valuation 7,389 7,730 15,119 Distributions and other (9,298 ) — (9,298 ) Redemptions (1,465 ) — (1,465 ) Balance as of December 31, 2019 $ 171,178 $ 102,500 $ 273,678 (1) Includes the redeemable portion of LGM's interest in certain seniors housing communities acquired in September 2019. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 17—RELATED PARTY TRANSACTIONS Atria provides comprehensive property management and accounting services with respect to our seniors housing communities that Atria operates, for which we pay annual management fees pursuant to long-term management agreements. For the years ended December 31, 2019 , 2018 and 2017 , we incurred fees to Atria of $62.1 million , $60.1 million and $59.7 million respectively, the majority of which are recorded within property-level operating expenses in our Consolidated Statements of Income. Our 34% ownership interest in Atria entitles us to customary rights and minority protections, as well as the right to appoint two of six members on the Atria Board of Directors. As of December 31, 2019 , we leased 10 hospital campuses to Ardent pursuant to a single, triple-net master lease agreement. For the years ended December 31, 2019 , 2018 and 2017 , we recognized rental income from Ardent of $118.8 million , $114.8 million and $110.8 million , respectively, relating to the Ardent master lease. Our 9.8% ownership interest in Ardent entitles us to customary rights and minority protections, as well as the right to appoint one of 11 members on the Ardent Board of Directors. In January 2018, we transitioned the management of 76 private pay seniors housing communities to ESL. These assets, substantially all of which were previously leased by Elmcroft Senior Living (“Elmcroft”) under triple-net leases, are now operated by ESL under a management contract with us and are included in the senior living operations reportable business segment. Upon termination of our lease with Elmcroft, we derecognized our accumulated straight-line receivable balance and offsetting reserve of $75.2 million . For the years ended December 31, 2019 and 2018, we incurred $8.2 million and $23.6 million respectively of transaction and integration costs relating to this transaction, net of property-level net assets assumed for no consideration, included in merger-related expenses and deal costs in our Consolidated Statements of Income. In January 2018, we acquired a 34% ownership interest in ESL which entitles us to customary rights and minority protections, as well as the right to appoint two of six members to the ESL Board of Directors. ESL management owns the 66% controlling interest. ESL provides comprehensive property management and accounting services with respect to our seniors housing communities that ESL operates, for which we pay annual management fees pursuant to a management agreement. For the years ended December 31, 2019 and 2018 , we incurred fees to ESL of $14.6 million and $12.9 million , respectively, the majority of which are recorded within property-level operating expenses in our Consolidated Statements of Income. |
Quarterly Financial Information
Quarterly Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information (Unaudited) | NOTE 18—QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Summarized unaudited consolidated quarterly information is provided below: For the Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 942,874 $ 950,717 $ 983,155 $ 996,004 Income from continuing operations $ 127,588 $ 211,898 $ 86,918 $ 12,893 Net income 127,588 211,898 86,918 12,893 Net income attributable to noncontrolling interests 1,803 1,369 1,659 1,450 Net income attributable to common stockholders $ 125,785 $ 210,529 $ 85,259 $ 11,443 Basic earnings per share: Income from continuing operations $ 0.36 $ 0.59 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Diluted earnings per share: Income from continuing operations $ 0.35 $ 0.58 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Dividends declared per common share $ 0.7925 $ 0.7925 $ 0.7925 $ 0.7925 For the Year Ended December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 943,705 $ 942,304 $ 936,538 $ 923,263 Income from continuing operations $ 80,108 $ 169,300 $ 103,281 $ 63,302 Discontinued operations (10 ) — — — Net income 80,098 169,300 103,281 63,302 Net income attributable to noncontrolling interests 1,395 2,781 1,309 1,029 Net income attributable to common stockholders $ 78,703 $ 166,519 $ 101,972 $ 62,273 Basic earnings per share: Income from continuing operations $ 0.22 $ 0.48 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.47 0.29 0.17 Diluted earnings per share: Income from continuing operations $ 0.22 $ 0.47 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.46 0.28 0.17 Dividends declared per common share $ 0.79 $ 0.79 $ 0.79 $ 0.7925 |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2019 | |
Segment Reporting [Abstract] | |
Segment Information | NOTE 19—SEGMENT INFORMATION As of December 31, 2019 , we operated through three reportable business segments: triple-net leased properties, senior living operations and office operations. In our triple-net leased properties segment, we invest in and own seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses. In our senior living operations segment, we invest in seniors housing communities throughout the United States and Canada and engage independent operators, such as Atria and Sunrise, to manage those communities. In our office operations segment, we primarily acquire, own, develop, lease and manage MOBs and research and innovation centers throughout the United States. Information provided for “all other” includes income from loans and investments and other miscellaneous income and various corporate-level expenses not directly attributable to any of our three reportable business segments. Assets included in “all other” consist primarily of corporate assets, including cash, restricted cash, loans receivable and investments, and miscellaneous accounts receivable. Our chief operating decision makers evaluate performance of the combined properties in each reportable business segment and determine how to allocate resources to those segments, in significant part, based on segment NOI and related measures. We define segment NOI as total revenues, less interest and other income, property-level operating expenses and office building services costs. We consider segment NOI useful because it allows investors, analysts and our management to measure unlevered property-level operating results and to compare our operating results to the operating results of other real estate companies between periods on a consistent basis. In order to facilitate a clear understanding of our historical consolidated operating results, segment NOI should be examined in conjunction with net income attributable to common stockholders as presented in our Consolidated Financial Statements and other financial data included elsewhere in this Annual Report on Form 10-K. Interest expense, depreciation and amortization, general, administrative and professional fees, income tax expense and other non-property specific revenues and expenses are not allocated to individual reportable business segments for purposes of assessing segment performance. There are no intersegment sales or transfers. Summary information by reportable business segment is as follows: For the Year Ended December 31, 2019 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 780,898 $ — $ 828,978 $ — $ 1,609,876 Resident fees and services — 2,151,533 — — 2,151,533 Office building and other services revenue — — 7,747 3,409 11,156 Income from loans and investments — — — 89,201 89,201 Interest and other income — — — 10,984 10,984 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Less: Interest and other income — — — 10,984 10,984 Property-level operating expenses 26,561 1,521,398 260,249 — 1,808,208 Office building services costs — — 2,319 — 2,319 Segment NOI $ 754,337 $ 630,135 $ 574,157 $ 92,610 2,051,239 Interest and other income 10,984 Interest expense (451,662 ) Depreciation and amortization (1,045,620 ) General, administrative and professional fees (165,996 ) Loss on extinguishment of debt, net (41,900 ) Merger-related expenses and deal costs (15,235 ) Other 17,609 Loss from unconsolidated entities (2,454 ) Gain on real estate dispositions 26,022 Income tax benefit 56,310 Income from continuing operations 439,297 Discontinued operations — Net income 439,297 Net income attributable to noncontrolling interests 6,281 Net income attributable to common stockholders $ 433,016 For the Year Ended December 31, 2018 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 737,796 $ — $ 776,011 $ — $ 1,513,807 Resident fees and services — 2,069,477 — — 2,069,477 Office building and other services revenue 2,522 — 7,592 3,302 13,416 Income from loans and investments — — — 124,218 124,218 Interest and other income — — — 24,892 24,892 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Less: Interest and other income — — — 24,892 24,892 Property-level operating expenses — 1,446,201 243,679 — 1,689,880 Office building services costs — — 1,418 — 1,418 Segment NOI $ 740,318 $ 623,276 $ 538,506 $ 127,520 2,029,620 Interest and other income 24,892 Interest expense (442,497 ) Depreciation and amortization (919,639 ) General, administrative and professional fees (151,982 ) Loss on extinguishment of debt, net (58,254 ) Merger-related expenses and deal costs (30,547 ) Other (66,768 ) Loss from unconsolidated entities (55,034 ) Gain on real estate dispositions 46,247 Income tax benefit 39,953 Income from continuing operations 415,991 Discontinued operations (10 ) Net income 415,981 Net income attributable to noncontrolling interests 6,514 Net income attributable to common stockholders $ 409,467 For the Year Ended December 31, 2017 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 840,131 $ — $ 753,467 $ — $ 1,593,598 Resident fees and services — 1,843,232 — — 1,843,232 Office building and other services revenue 4,580 — 7,497 1,600 13,677 Income from loans and investments — — — 117,608 117,608 Interest and other income — — — 6,034 6,034 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Less: Interest and other income — — — 6,034 6,034 Property-level operating expenses — 1,250,065 233,007 — 1,483,072 Office building services costs — — 3,391 — 3,391 Segment NOI $ 844,711 $ 593,167 $ 524,566 $ 119,208 2,081,652 Interest and other income 6,034 Interest expense (448,196 ) Depreciation and amortization (887,948 ) General, administrative and professional fees (135,490 ) Loss on extinguishment of debt, net (754 ) Merger-related expenses and deal costs (10,535 ) Other (20,052 ) Loss from unconsolidated entities (561 ) Gain on real estate dispositions 717,273 Income tax benefit 59,799 Income from continuing operations 1,361,222 Discontinued operations (110 ) Net income 1,361,112 Net income attributable to noncontrolling interests 4,642 Net income attributable to common stockholders $ 1,356,470 Assets by reportable business segment are as follows: As of December 31, 2019 2018 (Dollars in thousands) Assets: Triple-net leased properties $ 6,381,657 25.8 % $ 6,795,142 30.1 % Senior living operations 10,142,023 41.1 8,156,187 36.1 Office operations 7,173,401 29.1 6,772,957 30.0 All other assets 995,127 4.0 860,269 3.8 Total assets $ 24,692,208 100.0 % $ 22,584,555 100.0 % Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Capital expenditures: Triple-net leased properties $ 55,429 $ 58,744 $ 254,542 Senior living operations 944,214 337,750 261,900 Office operations 519,129 332,147 579,885 Total capital expenditures $ 1,518,772 $ 728,641 $ 1,096,327 Our portfolio of properties and mortgage loan and other investments are located in the United States, Canada and the United Kingdom. Revenues are attributed to an individual country based on the location of each property. Geographic information regarding our operations is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Revenues: United States $ 3,578,341 $ 3,524,875 $ 3,361,682 Canada 266,946 192,350 186,049 United Kingdom 27,463 28,585 26,418 Total revenues $ 3,872,750 $ 3,745,810 $ 3,574,149 As of December 31, 2019 2018 (In thousands) Net real estate property: United States $ 18,631,352 $ 18,861,163 Canada 2,830,850 963,588 United Kingdom 266,885 268,906 Total net real estate property $ 21,729,087 $ 20,093,657 |
Condensed Consolidating Informa
Condensed Consolidating Information | 12 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Consolidating Information | NOTE 20—CONDENSED CONSOLIDATING INFORMATION Ventas, Inc. has fully and unconditionally guaranteed the obligation to pay principal and interest with respect to the outstanding senior notes issued by our 100% owned subsidiary, Ventas Realty, including the senior notes that were jointly issued with Ventas Capital Corporation. Ventas Capital Corporation is a direct 100% owned subsidiary of Ventas Realty that has no assets or operations, but was formed in 2002 solely to facilitate offerings of senior notes by a limited partnership. None of our other subsidiaries (such subsidiaries, excluding Ventas Realty and Ventas Capital Corporation, the “Ventas Subsidiaries”) is obligated with respect to Ventas Realty’s outstanding senior notes. Certain of Ventas Realty’s outstanding senior notes reflected in our condensed consolidating information were issued jointly with Ventas Capital Corporation. Ventas, Inc. has also fully and unconditionally guaranteed the obligation to pay principal and interest with respect to the outstanding senior notes issued by our 100% owned subsidiary, Ventas Canada. None of our other subsidiaries is obligated with respect to Ventas Canada’s outstanding senior notes, all of which were issued on a private placement basis in Canada. In connection with the NHP acquisition, our 100% owned subsidiary, NHP LLC, as successor to NHP, assumed the obligation to pay principal and interest with respect to the outstanding senior notes issued by NHP. Neither we nor any of our subsidiaries (other than NHP LLC) is obligated with respect to any of NHP LLC’s outstanding senior notes. Under certain circumstances, contractual and legal restrictions, including those contained in the instruments governing our subsidiaries’ outstanding mortgage indebtedness, may restrict our ability to obtain cash from our subsidiaries for the purpose of meeting our debt service obligations, including our payment guarantees with respect to Ventas Realty’s and Ventas Canada’s senior notes. The following summarizes our condensed consolidating information as of December 31, 2019 and 2018 and for the years ended December 31, 2019 , 2018 , and 2017 : CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 14,714 $ 108,533 $ 22,355,474 $ — $ 22,478,721 Cash and cash equivalents 1,904 — 104,459 — 106,363 Escrow deposits and restricted cash 1,205 128 38,406 — 39,739 Investment in and advances to affiliates 15,774,897 2,728,110 — (18,503,007 ) — Goodwill — — 1,051,161 — 1,051,161 Assets held for sale — — 91,433 — 91,433 Deferred income tax assets, net — — 47,495 — 47,495 Other assets 83,190 1,499 792,607 — 877,296 Total assets $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,352,384 $ 3,806,389 $ — $ 12,158,773 Intercompany loans 8,789,600 (5,105,070 ) (3,684,530 ) — — Accrued interest (14,522 ) 94,874 30,763 — 111,115 Operating lease liabilities 14,498 519 236,179 — 251,196 Accounts payable and other liabilities 342,828 20,360 782,512 — 1,145,700 Liabilities related to assets held for sale — — 5,463 — 5,463 Deferred income tax liabilities 1,329 — 199,502 — 200,831 Total liabilities 9,133,733 3,363,067 1,376,278 — 13,873,078 Redeemable OP unitholder and noncontrolling interests 102,657 — 171,021 — 273,678 Total equity 6,639,520 (524,797 ) 22,933,736 (18,503,007 ) 10,545,452 Total liabilities and equity $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 3,598 $ 112,691 $ 20,521,615 $ — $ 20,637,904 Cash and cash equivalents 6,470 — 65,807 — 72,277 Escrow deposits and restricted cash 4,211 128 54,848 — 59,187 Investment in and advances to affiliates 15,656,592 2,726,198 — (18,382,790 ) — Goodwill — — 1,050,548 — 1,050,548 Assets held for sale — — 5,454 — 5,454 Other assets 45,989 4,443 708,753 — 759,185 Total assets $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,620,867 $ 2,112,832 $ — $ 10,733,699 Intercompany loans 8,580,896 (5,629,764 ) (2,951,132 ) — — Accrued interest (9,953 ) 85,717 23,903 — 99,667 Accounts payable and other liabilities 319,753 19,178 747,099 — 1,086,030 Liabilities related to assets held for sale — — 205 — 205 Deferred income taxes 608 — 204,611 — 205,219 Total liabilities 8,891,304 3,095,998 137,518 — 12,124,820 Redeemable OP unitholder and noncontrolling interests 13,746 — 174,395 — 188,141 Total equity 6,811,810 (252,538 ) 22,095,112 (18,382,790 ) 10,271,594 Total liabilities and equity $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,074 $ 142,562 $ 1,466,240 $ — $ 1,609,876 Resident fees and services — — 2,151,533 — 2,151,533 Office building and other services revenues — — 11,156 — 11,156 Income from loans and investments 2,812 — 86,389 — 89,201 Equity earnings in affiliates 362,143 — (2,469 ) (359,674 ) — Interest and other income 214 192 10,578 — 10,984 Total revenues 366,243 142,754 3,723,427 (359,674 ) 3,872,750 Expenses Interest (87,222 ) 323,860 215,024 — 451,662 Depreciation and amortization 5,686 5,410 1,034,524 — 1,045,620 Property-level operating expenses — 578 1,807,630 — 1,808,208 Office building services costs — — 2,319 — 2,319 General, administrative and professional fees 6,512 17,958 141,526 — 165,996 Loss on extinguishment of debt, net — 41,875 25 — 41,900 Merger-related expenses and deal costs 7,170 — 8,065 — 15,235 Other 2,077 2 (19,688 ) — (17,609 ) Total expenses (65,777 ) 389,683 3,189,425 — 3,513,331 Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 432,020 (246,929 ) 534,002 (359,674 ) 359,419 Loss from unconsolidated entities — — (2,454 ) — (2,454 ) Gain on real estate dispositions 930 88 25,004 — 26,022 Income tax benefit 66 — 56,244 — 56,310 Income (loss) from continuing operations 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income (loss) 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income attributable to noncontrolling interests — — 6,281 — 6,281 Net income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 606,515 $ (359,674 ) $ 433,016 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,407 $ 139,043 $ 1,373,357 $ — $ 1,513,807 Resident fees and services — — 2,069,477 — 2,069,477 Office building and other services revenues — — 13,416 — 13,416 Income from loans and investments 1,640 — 122,578 — 124,218 Equity earnings in affiliates 308,764 — (2,696 ) (306,068 ) — Interest and other income 23,802 19 1,071 — 24,892 Total revenues 335,613 139,062 3,577,203 (306,068 ) 3,745,810 Expenses Interest (98,411 ) 327,898 213,010 — 442,497 Depreciation and amortization 5,425 5,680 908,534 — 919,639 Property-level operating expenses — 283 1,689,597 — 1,689,880 Office building services costs — — 1,418 — 1,418 General, administrative and professional fees (2,866 ) 18,845 136,003 — 151,982 Loss on extinguishment of debt, net 355 55,910 1,989 — 58,254 Merger-related expenses and deal costs 25,880 — 4,667 — 30,547 Other 4,881 3 61,884 — 66,768 Total expenses (64,736 ) 408,619 3,017,102 — 3,360,985 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 400,349 (269,557 ) 560,101 (306,068 ) 384,825 Loss from unconsolidated entities — — (55,034 ) — (55,034 ) Gain on real estate dispositions 6,653 — 39,594 — 46,247 Income tax benefit 2,475 — 37,478 — 39,953 Income (loss) from continuing operations 409,477 (269,557 ) 582,139 (306,068 ) 415,991 Discontinued operations (10 ) — — — (10 ) Net income (loss) 409,467 (269,557 ) 582,139 (306,068 ) 415,981 Net income attributable to noncontrolling interests — — 6,514 — 6,514 Net income (loss) attributable to common stockholders $ 409,467 $ (269,557 ) $ 575,625 $ (306,068 ) $ 409,467 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,383 $ 178,165 $ 1,413,050 $ — $ 1,593,598 Resident fees and services — — 1,843,232 — 1,843,232 Office building and other services revenues — — 13,677 — 13,677 Income from loans and investments 1,236 — 116,372 — 117,608 Equity earnings in affiliates 1,260,665 — 5,086 (1,265,751 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 1,269,672 178,165 3,392,063 (1,265,751 ) 3,574,149 Expenses Interest (101,385 ) 319,632 229,949 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 330 1,482,742 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,040 16,976 116,474 — 135,490 Loss (gain) on extinguishment of de bt, net — 942 (188 ) — 754 Merger-related expenses and deal costs 9,796 — 739 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,819 ) 345,391 2,725,866 — 2,989,438 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 1,351,491 (167,226 ) 666,197 (1,265,751 ) 584,711 Loss from unconsolidated entities — — (561 ) — (561 ) Gain on real estate dispositions — 675,808 41,465 — 717,273 Income tax benefit 5,089 — 54,710 — 59,799 Income from continuing operations 1,356,580 508,582 761,811 (1,265,751 ) 1,361,222 Discontinued operations (110 ) — — — (110 ) Net income 1,356,470 508,582 761,811 (1,265,751 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income attributable to common stockholders $ 1,356,470 $ 508,582 $ 757,169 $ (1,265,751 ) $ 1,356,470 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 433,016 $ (246,841 ) $ 612,796 $ (359,674 ) $ 439,297 Other comprehensive loss: Foreign currency translation — — 5,729 — 5,729 Unrealized gain on available for sale securities — — 11,634 — 11,634 Derivative instruments — — (30,814 ) — (30,814 ) Total other comprehensive loss — — (13,451 ) — (13,451 ) Comprehensive income (loss) 433,016 (246,841 ) 599,345 (359,674 ) 425,846 Comprehensive income attributable to noncontrolling interests — — 7,649 — 7,649 Comprehensive income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 591,696 $ (359,674 ) $ 418,197 For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 409,467 $ (269,557 ) $ 582,139 $ (306,068 ) $ 415,981 Other comprehensive income: Foreign currency translation — — (9,436 ) — (9,436 ) Unrealized gain on available for sale securities — — 14,944 — 14,944 Derivative instruments — — 10,030 — 10,030 Total other comprehensive income — — 15,538 — 15,538 Comprehensive income (loss) 409,467 (269,557 ) 597,677 (306,068 ) 431,519 Comprehensive income attributable to noncontrolling interests — — 6,514 — 6,514 Comprehensive income (loss) attributable to common stock holders $ 409,467 $ (269,557 ) $ 591,163 $ (306,068 ) $ 425,005 For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income $ 1,356,470 $ 508,582 $ 761,811 $ (1,265,751 ) $ 1,361,112 Other comprehensive incom e: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on available for sale securities — — (437 ) — (437 ) Derivative instruments — — 2,239 — 2,239 Total other comprehensive income — — 22,414 — 22,414 Comprehensive income 1,356,470 508,582 784,225 (1,265,751 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income attributable to common stockholders $ 1,356,470 $ 508,582 $ 779,583 $ (1,265,751 ) $ 1,378,884 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 59,433 $ (179,258 ) $ 1,557,608 $ — $ 1,437,783 Cash flows from investing activities: Net investment in real estate property (235,807 ) — (722,318 ) — (958,125 ) Investment in loans receivable (21,799 ) — (1,236,388 ) — (1,258,187 ) Proceeds from real estate disposals 147,546 — 309 — 147,855 Proceeds from loans receivable 60 — 1,017,249 — 1,017,309 Development project expenditures (7,240 ) (790 ) (395,893 ) — (403,923 ) Capital expenditures — — (156,724 ) — (156,724 ) Distributions from unconsolidated entities — — 172 — 172 Investment in unconsolidated entities — — (3,855 ) — (3,855 ) Insurance proceeds for property damage claims — — 30,179 — 30,179 Net cash used in investing activities (117,240 ) (790 ) (1,467,269 ) — (1,585,299 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — (577,996 ) 8,105 — (569,891 ) Net change in borrowings under commercial paper program — 565,524 — — 565,524 Proceeds from debt — 1,793,154 1,220,037 — 3,013,191 Repayment of debt — (2,109,894 ) (514,022 ) — (2,623,916 ) Net change in intercompany debt 225,407 525,608 (751,015 ) — — Payment of deferred financing costs — (16,348 ) (5,055 ) — (21,403 ) Issuance of common stock, net 942,085 — — — 942,085 Cash distribution to common stockholders (1,157,720 ) — — — (1,157,720 ) Cash distribution to redeemable OP unitholders — — (9,218 ) — (9,218 ) Purchases of redeemable OP Units — — (2,203 ) — (2,203 ) Contributions from noncontrolling interests — — 6,282 — 6,282 Distributions to noncontrolling interests — — (9,717 ) — (9,717 ) Proceeds from stock option exercises 36,179 — — — 36,179 Other (8,502 ) — (17 ) — (8,519 ) Net cash provided by (used in) financing activities 37,449 180,048 (56,823 ) — 160,674 Net (decrease) increase in cash, cash equivalents and restricted cash (20,358 ) — 33,516 — 13,158 Effect of foreign currency translation 12,786 — (11,306 ) — 1,480 Cash, cash equivalents and restricted cash at beginning of period 10,681 128 120,655 — 131,464 Cash, cash equivalents and restricted cash at end of period $ 3,109 $ 128 $ 142,865 $ — $ 146,102 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 45,334 $ (194,283 ) $ 1,530,416 $ — $ 1,381,467 Cash flows from investing activities: Net investment in real estate property (265,907 ) — — — (265,907 ) Investment in loans receivable and other (4,307 ) — (225,227 ) — (229,534 ) Proceeds from real estate disposals 353,792 — — — 353,792 Proceeds from loans receivable 1,490 — 910,050 — 911,540 Development project expenditures — — (330,876 ) — (330,876 ) Capital expenditures — (1,199 ) (130,659 ) — (131,858 ) Distributions from unconsolidated entities — — 57,455 — 57,455 Investment in unconsolidated entities — — (47,007 ) — (47,007 ) Insurance proceeds for property damage claims — — 6,891 — 6,891 Net cash provided by (used in) investing activities 85,068 (1,199 ) 240,627 — 324,496 Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 326,620 (5,157 ) — 321,463 Proceeds from debt — 2,309,141 240,332 — 2,549,473 Repayment of debt — (2,954,654 ) (510,925 ) — (3,465,579 ) Net change in intercompany debt 1,468,811 530,236 (1,999,047 ) — — Purchase of noncontrolling interests (8,271 ) — 3,547 — (4,724 ) Payment of deferred financing costs — (15,861 ) (4,751 ) — (20,612 ) Cash distribution (to) from affiliates (490,214 ) — 490,214 — — Cash distribution to common stockholders (1,127,143 ) — — — (1,127,143 ) Cash distribution to redeemable OP unitholders — — (7,459 ) — (7,459 ) Cash issued for redemption of OP Units — — (1,370 ) — (1,370 ) Contributions from noncontrolling interests — — 1,883 — 1,883 Distributions to noncontrolling interests — — (11,574 ) — (11,574 ) Proceeds from stock option exercises 8,762 — — — 8,762 Other (5,057 ) — — — (5,057 ) Net cash (used in) provided by financing activities (153,112 ) 195,482 (1,804,307 ) — (1,761,937 ) Net decrease in cash, cash equivalents and restricted cash (22,710 ) — (33,264 ) — (55,974 ) Effect of foreign currency translation (13,554 ) — 12,739 — (815 ) Cash, cash equivalents and restricted cash at beginning of period 46,945 128 141,180 — 188,253 Cash, cash equivalents and restricted cash at end of period $ 10,681 $ 128 $ 120,655 $ — $ 131,464 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 149,923 $ (143,960 ) $ 1,422,789 $ — $ 1,428,752 Cash flows from investing activities: Net investment in real estate property (635,352 ) — (29,332 ) — (664,684 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 859,587 — 287 — 859,874 Proceeds from loans receivable 47 — 101,050 — 101,097 Development project expenditures — — (299,085 ) — (299,085 ) Capital expenditures — (726 ) (131,832 ) — (132,558 ) Distributions from unconsolidated entities — — 6,169 — 6,169 Investment in unconsolidated entities — — (61,220 ) — (61,220 ) Insurance proceeds for property damage claims — — 1,419 — 1,419 Net cash provided by (used in) investing activities 219,649 (726 ) (1,156,030 ) — (937,107 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 478,868 (94,085 ) — 384,783 Proceeds from debt — 793,904 317,745 — 1,111,649 Repayment of debt — (778,606 ) (590,478 ) — (1,369,084 ) Net change in intercompany debt 1,003,315 (917,917 ) (85,398 ) — — Purchase of noncontrolling interests (15,809 ) — — — (15,809 ) Payment of deferred financing costs — (20,450 ) (6,847 ) — (27,297 ) Issuance of common stock, net 73,596 — — — 73,596 Cash distribution (to) from affiliates (803,257 ) 587,511 215,746 — — Cash distribution to common stockholders (827,285 ) — — — (827,285 ) Cash distribution to redeemable OP unitholders — — — (5,677 ) — (5,677 ) Contributions from noncontrolling interests — — 4,402 — 4,402 Distributions to noncontrolling interests — — (11,187 ) — (11,187 ) Proceeds from stock option exercises 16,287 — — — 16,287 Other (5,705 ) — — — (5,705 ) Net cash (used in) provided by financing activities (558,858 ) 143,310 (255,779 ) — (671,327 ) Net (decrease) increase in cash, cash equivalents and restricted cash (189,286 ) (1,376 ) 10,980 — (179,682 ) Effect of foreign currency translation 28,442 — (27,861 ) — 581 Cash, cash equivalents and restricted cash at beginning of period 207,789 1,504 158,061 — 367,354 Cash, cash equivalents and restricted cash at end of period $ 46,945 $ 128 $ 141,180 $ — $ 188,253 |
Schedule II_ Valuation and Qual
Schedule II: Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2019 | |
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] | |
Schedule II: Valuation and Qualifying Accounts | Allowance Accounts Additions Deductions (In thousands) Year Ended December 31, Balance at Beginning of Year Charged to Earnings Acquired Properties Uncollectible Accounts Written-off Disposed Properties Balance at End of Year 2018 Allowance for doubtful accounts $ 15,164 10,708 3,515 (7,533 ) (9 ) $ 21,845 Straight-line rent receivable allowance (1) $ 117,764 (71,543 ) — — (1,576 ) $ 44,645 $ 132,928 (60,835 ) 3,515 (7,533 ) (1,585 ) $ 66,490 2017 Allowance for doubtful accounts $ 11,637 7,207 — (3,237 ) (443 ) $ 15,164 Straight-line rent receivable allowance $ 109,836 8,540 — — (612 ) $ 117,764 $ 121,473 15,747 — (3,237 ) (1,055 ) $ 132,928 (1) Amounts charged to earnings primarily relate to termination of lease arrangements with Elmcroft in January 2018. |
Schedule III_ Real Estate and A
Schedule III: Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2019 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION | SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION For the Years Ended December 31, 2019 2018 2017 (In thousands) Reconciliation of real estate: Carrying cost: Balance at beginning of period $ 24,973,983 $ 24,712,478 $ 23,859,816 Additions during period: Acquisitions 1,941,016 318,895 702,501 Capital expenditures 563,706 446,490 453,829 Deductions during period: Foreign currency translation 107,508 (105,192 ) 93,490 Other (1) (460,490 ) (398,688 ) (397,158 ) Balance at end of period $ 27,125,723 $ 24,973,983 $ 24,712,478 Accumulated depreciation: Balance at beginning of period $ 5,492,310 $ 4,802,917 $ 4,208,010 Additions during period: Depreciation expense 828,954 791,882 760,314 Dispositions: Sales and/or transfers to assets held for sale (136,093 ) (84,819 ) (176,918 ) Foreign currency translation 12,755 (17,670 ) 11,511 Balance at end of period $ 6,197,926 $ 5,492,310 $ 4,802,917 (1) Other may include sales, transfers to assets held for sale and impairments. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2019 (Dollars in thousands) Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed SPECIALTY HOSPITALS Rehabilitation Hospital of Southern Arizona Tucson AZ $ — $ 770 $ 25,589 $ — $ 770 $ 25,589 $ 26,359 $ 6,388 $ 19,971 1992 2011 35 years Kindred Hospital - Brea Brea CA — 3,144 2,611 — 3,144 2,611 5,755 1,605 4,150 1990 1995 40 years Kindred Hospital - Ontario Ontario CA — 523 2,988 — 523 2,988 3,511 3,228 283 1950 1994 25 years Kindred Hospital - San Diego San Diego CA — 670 11,764 — 670 11,764 12,434 11,942 492 1965 1994 25 years Kindred Hospital - San Francisco Bay Area San Leandro CA — 2,735 5,870 — 2,735 5,870 8,605 6,187 2,418 1962 1993 25 years Tustin Rehabilitation Hospital Tustin CA — 2,810 25,248 — 2,810 25,248 28,058 6,424 21,634 1991 2011 35 years Kindred Hospital - Westminster Westminster CA — 727 7,384 — 727 7,384 8,111 7,562 549 1973 1993 20 years Kindred Hospital - Denver Denver CO — 896 6,367 — 896 6,367 7,263 6,712 551 1963 1994 20 years Kindred Hospital - South Florida - Coral Gables Coral Gables FL — 1,071 5,348 (1,000 ) 71 5,348 5,419 5,196 223 1956 1992 30 years Kindred Hospital - South Florida Ft. Lauderdale Fort Lauderdale FL — 1,758 14,080 — 1,758 14,080 15,838 14,154 1,684 1969 1989 30 years Kindred Hospital - North Florida Green Cove Springs FL — 145 4,613 — 145 4,613 4,758 4,683 75 1956 1994 20 years Kindred Hospital - South Florida - Hollywood Hollywood FL — 605 5,229 — 605 5,229 5,834 5,234 600 1937 1995 20 years Kindred Hospital - Bay Area St. Petersburg St. Petersburg FL — 1,401 16,706 — 1,401 16,706 18,107 15,050 3,057 1968 1997 40 years Kindred Hospital - Central Tampa Tampa FL — 2,732 7,676 — 2,732 7,676 10,408 5,647 4,761 1970 1993 40 years Kindred Hospital - Chicago (North Campus) Chicago IL — 1,583 19,980 — 1,583 19,980 21,563 20,004 1,559 1949 1995 25 years Kindred - Chicago - Lakeshore Chicago IL — 1,513 9,525 — 1,513 9,525 11,038 9,480 1,558 1995 1976 20 years Kindred Hospital - Chicago (Northlake Campus) Northlake IL — 850 6,498 — 850 6,498 7,348 6,552 796 1960 1991 30 years Kindred Hospital - Sycamore Sycamore IL — 77 8,549 — 77 8,549 8,626 8,403 223 1949 1993 20 years Kindred Hospital - Indianapolis Indianapolis IN — 985 3,801 — 985 3,801 4,786 3,775 1,011 1955 1993 30 years Kindred Hospital - Louisville Louisville KY — 3,041 12,279 — 3,041 12,279 15,320 12,580 2,740 1964 1995 20 years Kindred Hospital - St. Louis St. Louis MO — 1,126 2,087 — 1,126 2,087 3,213 2,020 1,193 1984 1991 40 years Kindred Hospital - Las Vegas (Sahara) Las Vegas NV — 1,110 2,177 — 1,110 2,177 3,287 1,543 1,744 1980 1994 40 years Lovelace Rehabilitation Hospital Albuquerque NM — 401 17,796 1,068 401 18,864 19,265 2,646 16,619 1989 2015 36 years Kindred Hospital - Albuquerque Albuquerque NM — 11 4,253 — 11 4,253 4,264 3,125 1,139 1985 1993 40 years Kindred Hospital - Greensboro Greensboro NC — 1,010 7,586 — 1,010 7,586 8,596 7,758 838 1964 1994 20 years University Hospitals Rehabilitation Hospital Beachwood OH — 1,800 16,444 — 1,800 16,444 18,244 3,176 15,068 2013 2013 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Kindred Hospital - Philadelphia Philadelphia PA — 135 5,223 — 135 5,223 5,358 3,807 1,551 1960 1995 35 years Kindred Hospital - Chattanooga Chattanooga TN — 756 4,415 — 756 4,415 5,171 4,288 883 1975 1993 22 years Ardent Harrington Cancer Center Amarillo TX — 974 7,752 — 974 7,752 8,726 — 8,726 CIP CIP CIP Rehabilitation Hospital of Dallas Dallas TX — 2,318 38,702 — 2,318 38,702 41,020 6,054 34,966 2009 2015 35 years Baylor Institute for Rehabilitation - Ft. Worth TX Fort Worth TX — 2,071 16,018 — 2,071 16,018 18,089 2,719 15,370 2008 2015 35 years Kindred Hospital - Tarrant County (Fort Worth Southwest) Fort Worth TX — 2,342 7,458 — 2,342 7,458 9,800 7,507 2,293 1987 1986 20 years Rehabilitation Hospital The Vintage Houston TX — 1,838 34,832 — 1,838 34,832 36,670 5,714 30,956 2012 2015 35 years Kindred Hospital (Houston Northwest) Houston TX — 1,699 6,788 — 1,699 6,788 8,487 6,080 2,407 1986 1985 40 years Kindred Hospital - Houston Houston TX — 33 7,062 — 33 7,062 7,095 6,726 369 1972 1994 20 years Kindred Hospital - Mansfield Mansfield TX — 267 2,462 — 267 2,462 2,729 2,127 602 1983 1990 40 years Select Rehabilitation - San Antonio TX San Antonio TX — 1,859 18,301 — 1,859 18,301 20,160 3,046 17,114 2010 2015 35 years Kindred Hospital - San Antonio San Antonio TX — 249 11,413 — 249 11,413 11,662 10,236 1,426 1981 1993 30 years TOTAL FOR SPECIALTY HOSPITALS — 48,035 412,874 68 47,035 413,942 460,977 239,378 221,599 SKILLED NURSING FACILITIES Englewood Post Acute and Rehabilitation Englewood CO — 241 2,180 194 241 2,374 2,615 2,161 454 1960 1995 30 years Brookdale Lisle SNF Lisle IL — 730 9,270 711 910 9,801 10,711 3,363 7,348 1990 2009 35 years Lopatcong Center Phillipsburg NJ — 1,490 12,336 — 1,490 12,336 13,826 6,815 7,011 1982 2004 30 years The Belvedere Chester PA — 822 7,203 — 822 7,203 8,025 3,970 4,055 1899 2004 30 years Pennsburg Manor Pennsburg PA — 1,091 7,871 — 1,091 7,871 8,962 4,384 4,578 1982 2004 30 years Chapel Manor Philadelphia PA — 1,595 13,982 1,358 1,595 15,340 16,935 9,036 7,899 1948 2004 30 years Wayne Center Strafford PA — 662 6,872 850 662 7,722 8,384 4,616 3,768 1897 2004 30 years Everett Rehabilitation & Care Everett WA — 2,750 27,337 — 2,750 27,337 30,087 7,058 23,029 1995 2011 35 years Beacon Hill Rehabilitation Longview WA — 145 2,563 171 145 2,734 2,879 2,589 290 1955 1992 29 years Columbia Crest Care & Rehabilitation Center Moses Lake WA — 660 17,439 — 660 17,439 18,099 4,575 13,524 1972 2011 35 years Lake Ridge Solana Alzheimer's Care Center Moses Lake WA — 660 8,866 — 660 8,866 9,526 2,408 7,118 1988 2011 35 years Rainier Rehabilitation Puyallup WA — 520 4,780 305 520 5,085 5,605 3,676 1,929 1986 1991 40 years Logan Center Logan WV — 300 12,959 — 300 12,959 13,259 3,344 9,915 1987 2011 35 years Ravenswood Healthcare Center Ravenswood WV — 320 12,710 — 320 12,710 13,030 3,293 9,737 1987 2011 35 years Valley Center South Charleston WV — 750 24,115 — 750 24,115 24,865 6,302 18,563 1987 2011 35 years White Sulphur White Sulphur Springs WV — 250 13,055 — 250 13,055 13,305 3,401 9,904 1987 2011 35 years TOTAL FOR SKILLED NURSING FACILITIES — 12,986 183,538 3,589 13,166 186,947 200,113 70,991 129,122 GENERAL ACUTE CARE Lovelace Medical Center Downtown Albuquerque NM — 9,840 154,017 9,763 9,928 163,692 173,620 24,502 149,118 1968 2015 33.5 years Lovelace Westside Hospital Albuquerque NM — 10,107 13,576 2,133 10,107 15,709 25,816 5,451 20,365 1984 2015 20 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Lovelace Women's Hospital Albuquerque NM — 7,236 175,142 20,075 7,236 195,217 202,453 19,417 183,036 1983 2015 47 years Roswell Regional Hospital Roswell NM — 2,560 41,125 2,186 2,560 43,311 45,871 4,662 41,209 2007 2015 47 years Hillcrest Hospital Claremore Claremore OK — 3,623 23,864 638 3,623 24,502 28,125 3,296 24,829 1955 2015 40 years Bailey Medical Center Owasso OK — 4,964 7,059 155 4,964 7,214 12,178 1,484 10,694 2006 2015 32.5 years Hillcrest Medical Center Tulsa OK — 28,319 215,959 12,718 28,319 228,677 256,996 32,698 224,298 1928 2015 34 years Hillcrest Hospital South Tulsa OK — 17,026 112,231 1,016 17,026 113,247 130,273 13,703 116,570 1999 2015 40 years SouthCreek Medical Plaza Tulsa OK — 2,943 17,860 599 2,943 18,459 21,402 819 20,583 2003 2018 35 years Baptist St. Anthony's Hospital Amarillo TX — 13,779 357,733 26,812 13,015 385,309 398,324 39,473 358,851 1967 2015 44.5 years Spire Hull and East Riding Hospital Anlaby HUL — 3,194 81,613 (12,561 ) 2,721 69,525 72,246 8,167 64,079 2010 2014 50 years Spire Fylde Coast Hospital Blackpool LAN — 2,446 28,896 (4,642 ) 2,084 24,616 26,700 2,934 23,766 1980 2014 50 years Spire Clare Park Hospital Farnham SUR — 6,263 26,119 (4,797 ) 5,335 22,250 27,585 2,757 24,828 2009 2014 50 years TOTAL FOR GENERAL ACUTE CARE — 112,300 1,255,194 54,095 109,861 1,311,728 1,421,589 159,363 1,262,226 BROOKDALE SENIORS HOUSING COMMUNITIES Brookdale Chandler Ray Road Chandler AZ — 2,000 6,538 178 2,000 6,716 8,716 1,836 6,880 1998 2011 35 years Brookdale Springs Mesa Mesa AZ — 2,747 24,918 1,401 2,751 26,315 29,066 12,087 16,979 1986 2005 35 years Brookdale East Arbor Mesa AZ — 655 6,998 196 711 7,138 7,849 3,377 4,472 1998 2005 35 years Brookdale Oro Valley Oro Valley AZ — 666 6,169 — 666 6,169 6,835 2,966 3,869 1998 2005 35 years Brookdale Peoria Peoria AZ — 598 4,872 670 650 5,490 6,140 2,346 3,794 1998 2005 35 years Brookdale Tempe Tempe AZ — 611 4,066 150 611 4,216 4,827 1,960 2,867 1997 2005 35 years Brookdale East Tucson Tucson AZ — 506 4,745 50 556 4,745 5,301 2,282 3,019 1998 2005 35 years Brookdale Anaheim Anaheim CA — 2,464 7,908 95 2,464 8,003 10,467 3,598 6,869 1977 2005 35 years Brookdale Redwood City Redwood City CA — 7,669 66,691 422 7,719 67,063 74,782 32,460 42,322 1988 2005 35 years Brookdale San Jose San Jose CA — 6,240 66,329 14,386 6,250 80,705 86,955 34,064 52,891 1987 2005 35 years Brookdale San Marcos San Marcos CA — 4,288 36,204 235 4,314 36,413 40,727 17,723 23,004 1987 2005 35 years Brookdale Tracy Tracy CA — 1,110 13,296 521 1,110 13,817 14,927 5,758 9,169 1986 2005 35 years Brookdale Boulder Creek Boulder CO — 1,290 20,683 402 1,414 20,961 22,375 5,489 16,886 1985 2011 35 years Brookdale Vista Grande Colorado Springs CO — 715 9,279 — 715 9,279 9,994 4,462 5,532 1997 2005 35 years Brookdale El Camino Pueblo CO — 840 9,403 76 874 9,445 10,319 4,523 5,796 1997 2005 35 years Brookdale Farmington Farmington CT — 3,995 36,310 492 4,016 36,781 40,797 17,572 23,225 1984 2005 35 years Brookdale South Windsor South Windsor CT — 2,187 12,682 88 2,198 12,759 14,957 5,726 9,231 1999 2004 35 years Brookdale Chatfield West Hartford CT — 2,493 22,833 23,667 2,493 46,500 48,993 13,584 35,409 1989 2005 35 years Brookdale Bonita Springs Bonita Springs FL — 1,540 10,783 726 1,594 11,455 13,049 5,185 7,864 1989 2005 35 years Brookdale West Boynton Beach Boynton Beach FL — 2,317 16,218 903 2,347 17,091 19,438 7,572 11,866 1999 2005 35 years Brookdale Deer Creek AL/MC Deerfield Beach FL — 1,399 9,791 18 1,399 9,809 11,208 4,850 6,358 1999 2005 35 years Brookdale Fort Myers The Colony Fort Myers FL — 1,510 7,862 390 1,510 8,252 9,762 2,059 7,703 1996 2011 35 years Brookdale Avondale Jacksonville FL — 860 16,745 140 860 16,885 17,745 4,256 13,489 1997 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Crown Point Jacksonville FL — 1,300 9,659 567 1,300 10,226 11,526 2,493 9,033 1997 2011 35 years Brookdale Jensen Beach Jensen Beach FL — 1,831 12,820 639 1,831 13,459 15,290 6,113 9,177 1999 2005 35 years Brookdale Ormond Beach West Ormond Beach FL — 1,660 9,738 27 1,660 9,765 11,425 2,530 8,895 1997 2011 35 years Brookdale Palm Coast Palm Coast FL — 470 9,187 — 470 9,187 9,657 2,399 7,258 1997 2011 35 years Brookdale Pensacola Pensacola FL — 633 6,087 11 633 6,098 6,731 2,929 3,802 1998 2005 35 years Brookdale Rotonda Rotonda West FL — 1,740 4,331 170 1,740 4,501 6,241 1,348 4,893 1997 2011 35 years Brookdale Centre Pointe Boulevard Tallahassee FL — 667 6,168 — 667 6,168 6,835 2,966 3,869 1998 2005 35 years Brookdale Tavares Tavares FL — 280 15,980 — 280 15,980 16,260 4,058 12,202 1997 2011 35 years Brookdale West Melbourne MC West Melbourne FL — 586 5,481 — 586 5,481 6,067 2,635 3,432 2000 2005 35 years Brookdale West Palm Beach West Palm Beach FL — 3,758 33,072 1,277 3,935 34,172 38,107 16,151 21,956 1990 2005 35 years Brookdale Winter Haven MC Winter Haven FL — 232 3,006 — 232 3,006 3,238 1,445 1,793 1997 2005 35 years Brookdale Winter Haven AL Winter Haven FL — 438 5,549 133 438 5,682 6,120 2,668 3,452 1997 2005 35 years Brookdale Twin Falls Twin Falls ID — 703 6,153 1,065 718 7,203 7,921 2,961 4,960 1997 2005 35 years Brookdale Lake Shore Drive Chicago IL — 11,057 107,517 6,336 11,089 113,821 124,910 53,755 71,155 1990 2005 35 years Brookdale Lake View Chicago IL — 3,072 26,668 — 3,072 26,668 29,740 12,980 16,760 1950 2005 35 years Brookdale Des Plaines Des Plaines IL — 6,871 60,165 (41 ) 6,805 60,190 66,995 29,257 37,738 1993 2005 35 years Brookdale Hoffman Estates Hoffman Estates IL — 3,886 44,130 3,848 4,273 47,591 51,864 20,890 30,974 1987 2005 35 years Brookdale Lisle IL/AL Lisle IL 33,000 7,953 70,400 — 7,953 70,400 78,353 34,170 44,183 1990 2005 35 years Brookdale Northbrook Northbrook IL — 1,988 39,762 652 2,076 40,326 42,402 18,346 24,056 1999 2004 35 years Brookdale Hawthorn Lakes IL/AL Vernon Hills IL — 4,439 35,044 624 4,480 35,627 40,107 17,362 22,745 1987 2005 35 years Brookdale Hawthorn Lakes AL Vernon Hills IL — 1,147 10,041 401 1,175 10,414 11,589 4,885 6,704 1999 2005 35 years Brookdale Richmond Richmond IN — 495 4,124 342 555 4,406 4,961 1,992 2,969 1998 2005 35 years Brookdale Derby Derby KS — 440 4,422 — 440 4,422 4,862 1,169 3,693 1994 2011 35 years Brookdale Leawood State Line Leawood KS — 117 5,127 224 117 5,351 5,468 2,472 2,996 2000 2005 35 years Brookdale Salina Fairdale Salina KS — 300 5,657 150 353 5,754 6,107 1,496 4,611 1996 2011 35 years Brookdale Topeka Topeka KS — 370 6,825 — 370 6,825 7,195 3,282 3,913 2000 2005 35 years Brookdale Cushing Park Framingham MA — 5,819 33,361 2,907 5,872 36,215 42,087 15,942 26,145 1999 2004 35 years Brookdale Cape Cod Hyannis MA — 1,277 9,063 237 1,277 9,300 10,577 3,889 6,688 1999 2005 35 years Brookdale Quincy Bay Quincy MA — 6,101 57,862 3,566 6,216 61,313 67,529 27,935 39,594 1986 2005 35 years Brookdale Delta MC Delta Township MI — 730 11,471 119 730 11,590 12,320 2,956 9,364 1998 2011 35 years Brookdale Delta AL Delta Township MI — 820 3,313 30 820 3,343 4,163 1,191 2,972 1998 2011 35 years Brookdale Farmington Hills North Farmington Hills MI — 580 10,497 91 580 10,588 11,168 3,014 8,154 1994 2011 35 years Brookdale Farmington Hills North II Farmington Hills MI — 700 10,246 — 700 10,246 10,946 3,052 7,894 1994 2011 35 years Brookdale Meridian AL Haslett MI — 1,340 6,134 288 1,367 6,395 7,762 1,715 6,047 1998 2011 35 years Brookdale Grand Blanc MC Holly MI — 450 12,373 105 450 12,478 12,928 3,191 9,737 1998 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Grand Blanc AL Holly MI — 620 14,627 — 620 14,627 15,247 3,789 11,458 1998 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Northville Northville MI — 407 6,068 149 407 6,217 6,624 2,920 3,704 1996 2005 35 years Brookdale Troy MC Troy MI — 630 17,178 — 630 17,178 17,808 4,398 13,410 1998 2011 35 years Brookdale Troy AL Troy MI — 950 12,503 270 950 12,773 13,723 3,391 10,332 1998 2011 35 years Brookdale Utica AL Utica MI — 1,142 11,808 624 1,142 12,432 13,574 5,689 7,885 1996 2005 35 years Brookdale Utica MC Utica MI — 700 8,657 334 700 8,991 9,691 2,375 7,316 1995 2011 35 years Brookdale Eden Prairie Eden Prairie MN — 301 6,228 763 332 6,960 7,292 2,997 4,295 1998 2005 35 years Brookdale Faribault Faribault MN — 530 1,085 — 530 1,085 1,615 344 1,271 1997 2011 35 years Brookdale Inver Grove Heights Inver Grove Heights MN — 253 2,655 — 253 2,655 2,908 1,277 1,631 1997 2005 35 years Brookdale Mankato Mankato MN — 490 410 — 490 410 900 239 661 1996 2011 35 years Brookdale Edina Minneapolis MN 15,040 3,621 33,141 22,975 3,621 56,116 59,737 19,375 40,362 1998 2005 35 years Brookdale North Oaks North Oaks MN — 1,057 8,296 979 1,122 9,210 10,332 3,992 6,340 1998 2005 35 years Brookdale Plymouth Plymouth MN — 679 8,675 583 679 9,258 9,937 4,172 5,765 1998 2005 35 years Brookdale Willmar Wilmar MN — 470 4,833 — 470 4,833 5,303 1,254 4,049 1997 2011 35 years Brookdale Winona Winona MN — 800 1,390 — 800 1,390 2,190 724 1,466 1997 2011 35 years Brookdale West County Ballwin MO — 3,100 35,074 177 3,113 35,238 38,351 6,142 32,209 2012 2014 35 years Brookdale Evesham Voorhees Township NJ — 3,158 29,909 125 3,158 30,034 33,192 14,389 18,803 1987 2005 35 years Brookdale Westampton Westampton NJ — 881 4,741 829 881 5,570 6,451 2,302 4,149 1997 2005 35 years Brookdale Santa Fe Santa Fe NM — — 28,178 — — 28,178 28,178 13,333 14,845 1986 2005 35 years Brookdale Kenmore Buffalo NY — 1,487 15,170 752 1,487 15,922 17,409 7,294 10,115 1995 2005 35 years Brookdale Clinton IL Clinton NY — 947 7,528 604 961 8,118 9,079 3,637 5,442 1991 2005 35 years Brookdale Manlius Manlius NY — 890 28,237 303 190 29,240 29,430 7,183 22,247 1994 2011 35 years Brookdale Pittsford Pittsford NY — 611 4,066 16 611 4,082 4,693 1,958 2,735 1997 2005 35 years Brookdale East Niskayuna Schenectady NY — 1,021 8,333 715 1,021 9,048 10,069 4,019 6,050 1997 2005 35 years Brookdale Niskayuna Schenectady NY — 1,884 16,103 30 1,884 16,133 18,017 7,744 10,273 1996 2005 35 years Brookdale Summerfield Syracuse NY — 1,132 11,434 278 1,246 11,598 12,844 5,499 7,345 1991 2005 35 years Brookdale Williamsville Williamsville NY — 839 3,841 60 839 3,901 4,740 1,854 2,886 1997 2005 35 years Brookdale Cary Cary NC — 724 6,466 — 724 6,466 7,190 3,109 4,081 1997 2005 35 years Brookdale Falling Creek Hickory NC — 330 10,981 — 330 10,981 11,311 2,827 8,484 1997 2011 35 years Brookdale Winston-Salem Winston-Salem NC — 368 3,497 249 368 3,746 4,114 1,682 2,432 1997 2005 35 years Brookdale Alliance Alliance OH — 392 6,283 49 435 6,289 6,724 3,022 3,702 1998 2005 35 years Brookdale Austintown Austintown OH — 151 3,087 672 181 3,729 3,910 1,485 2,425 1999 2005 35 years Brookdale Barberton Barberton OH — 440 10,884 — 440 10,884 11,324 2,803 8,521 1997 2011 35 years Brookdale Beavercreek Beavercreek OH — 587 5,381 — 587 5,381 5,968 2,588 3,380 1998 2005 35 years Brookdale Centennial Park Clayton OH — 630 6,477 — 630 6,477 7,107 1,733 5,374 1997 2011 35 years Brookdale Westerville Columbus OH — 267 3,600 — 267 3,600 3,867 1,731 2,136 1999 2005 35 years Brookdale Greenville AL/MC Greenville OH — 490 4,144 55 545 4,144 4,689 1,246 3,443 1997 2011 35 years Brookdale Salem AL (OH) Salem OH — 634 4,659 — 634 4,659 5,293 2,240 3,053 1998 2005 35 years Brookdale Springdale Springdale OH — 1,140 9,134 144 1,228 9,190 10,418 2,382 8,036 1997 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Bartlesville South Bartlesville OK — 250 10,529 35 285 10,529 10,814 2,686 8,128 1997 2011 35 years Brookdale Broken Arrow Broken Arrow OK — 940 6,312 6,435 1,898 11,789 13,687 3,378 10,309 1996 2011 35 years Brookdale Forest Grove Forest Grove OR — 2,320 9,633 — 2,320 9,633 11,953 2,701 9,252 1994 2011 35 years Brookdale Mt. Hood Gresham OR — 2,410 9,093 (1,986 ) 319 9,198 9,517 2,556 6,961 1988 2011 35 years Brookdale McMinnville Town Center McMinnville OR 457 1,230 7,561 — 1,230 7,561 8,791 2,334 6,457 1989 2011 35 years Brookdale Denton North Denton TX — 1,750 6,712 43 1,750 6,755 8,505 1,768 6,737 1996 2011 35 years Brookdale Ennis Ennis TX — 460 3,284 — 460 3,284 3,744 926 2,818 1996 2011 35 years Brookdale Kerrville Kerrville TX — 460 8,548 120 460 8,668 9,128 2,205 6,923 1997 2011 35 years Brookdale Medical Center Whitby San Antonio TX — 1,400 10,051 — 1,400 10,051 11,451 2,616 8,835 1997 2011 35 years Brookdale Western Hills Temple TX — 330 5,081 177 330 5,258 5,588 1,377 4,211 1997 2011 35 years Brookdale Salem AL (VA) Salem VA — 1,900 16,219 — 1,900 16,219 18,119 7,630 10,489 1998 2011 35 years Brookdale Alderwood Lynnwood WA — 1,219 9,573 58 1,239 9,611 10,850 4,607 6,243 1999 2005 35 years Brookdale Puyallup South Puyallup WA — 1,055 8,298 — 1,055 8,298 9,353 3,990 5,363 1998 2005 35 years Brookdale Richland Richland WA — 960 23,270 365 960 23,635 24,595 6,129 18,466 1990 2011 35 years Brookdale Park Place Spokane WA — 1,622 12,895 345 1,622 13,240 14,862 6,362 8,500 1915 2005 35 years Brookdale Allenmore AL Tacoma WA — 620 16,186 947 671 17,082 17,753 4,224 13,529 1997 2011 35 years Brookdale Allenmore - IL Tacoma WA — 1,710 3,326 (622 ) 307 4,107 4,414 1,330 3,084 1988 2011 35 years Brookdale Yakima Yakima WA — 860 15,276 119 891 15,364 16,255 4,028 12,227 1998 2011 35 years Brookdale Kenosha Kenosha WI — 551 5,431 3,297 608 8,671 9,279 3,530 5,749 2000 2005 35 years Brookdale LaCrosse MC La Crosse WI — 621 4,056 1,126 621 5,182 5,803 2,317 3,486 2004 2005 35 years Brookdale LaCrosse AL La Crosse WI — 644 5,831 2,637 644 8,468 9,112 3,662 5,450 1998 2005 35 years Brookdale Middleton Century Ave Middleton WI — 360 5,041 — 360 5,041 5,401 1,313 4,088 1997 2011 35 years Brookdale Onalaska Onalaska WI — 250 4,949 — 250 4,949 5,199 1,282 3,917 1995 2011 35 years Brookdale Sun Prairie Sun Prairie WI — 350 1,131 — 350 1,131 1,481 355 1,126 1994 2011 35 years TOTAL FOR BROOKDALE SENIORS HOUSING COMMUNITIES 48,497 181,975 1,735,803 113,805 180,918 1,850,665 2,031,583 743,816 1,287,767 SUNRISE SENIORS HOUSING COMMUNITIES Sunrise of Chandler Chandler AZ — 4,344 14,455 1,293 4,459 15,633 20,092 4,200 15,892 2007 2012 35 years Sunrise of Scottsdale Scottsdale AZ — 2,229 27,575 1,046 2,255 28,595 30,850 10,733 20,117 2007 2007 35 years Sunrise at River Road Tucson AZ — 2,971 12,399 806 3,000 13,176 16,176 3,327 12,849 2008 2012 35 years Sunrise at La Costa Carlsbad CA — 4,890 20,590 1,970 5,030 22,420 27,450 8,896 18,554 1999 2007 35 years Sunrise of Carmichael Carmichael CA — 1,269 14,598 1,065 1,291 15,641 16,932 3,971 12,961 2009 2012 35 years Sunrise of Fair Oaks Fair Oaks CA — 1,456 23,679 2,730 2,515 25,350 27,865 9,708 18,157 2001 2007 35 years Sunrise of Mission Viejo Mission Viejo CA — 3,802 24,560 2,158 3,889 26,631 30,520 10,243 20,277 1998 2007 35 years Sunrise at Canyon Crest Riverside CA — 5,486 19,658 2,479 5,745 21,878 27,623 8,608 19,015 2006 2007 35 years Sunrise of Rocklin Rocklin CA — 1,378 23,565 1,817 1,525 25,235 26,760 9,543 17,217 2007 2007 35 years Sunrise of San Mateo San Mateo CA — 2,682 35,335 3,325 2,742 38,600 41,342 14,225 27,117 1999 2007 35 years Sunrise of Sunnyvale Sunnyvale CA — 2,933 34,361 2,224 2,969 36,549 39,518 13,567 25,951 2000 2007 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Sunrise at Sterling Canyon Valencia CA — 3,868 29,293 5,046 4,084 34,123 38,207 14,006 24,201 1998 2007 35 years Sunrise of Westlake Village Westlake Village CA — 4,935 30,722 2,142 5,031 32,768 37,799 12,266 25,533 2004 2007 35 years Sunrise at Yorba Linda Yorba Linda CA — 1,689 25,240 2,591 1,780 27,740 29,520 10,522 18,998 2002 2007 35 years Sunrise at Cherry Creek Denver CO — 1,621 28,370 3,585 1,721 31,855 33,576 11,626 21,950 2000 2007 35 years Sunrise at Pinehurst Denver CO — 1,417 30,885 2,123 1,653 32,772 34,425 12,833 21,592 1998 2007 35 years Sunrise at Orchard Littleton CO — 1,813 22,183 3,296 1,853 25,439 27,292 9,441 17,851 1997 2007 35 years Sunrise of Westminster Westminster CO — 2,649 16,243 2,280 2,847 18,325 21,172 7,266 13,906 2000 2007 35 years Sunrise of Stamford Stamford CT — 4,612 28,533 3,330 5,029 31,446 36,475 12,098 24,377 1999 2007 35 years Sunrise of Jacksonville Jacksonville FL — 2,390 17,671 1,306 2,420 18,947 21,367 4,630 16,737 2009 2012 35 years Sunrise at Ivey Ridge Alpharetta GA — 1,507 18,516 1,498 1,517 20,004 21,521 7,873 13,648 1998 2007 35 years Sunrise of Huntcliff Summit I Atlanta GA — 4,232 66,161 19,554 4,201 85,746 89,947 36,411 53,536 1987 2007 35 years Sunrise at Huntcliff Summit II Atlanta GA — 2,154 17,137 3,279 2,160 20,410 22,570 7,772 14,798 1998 2007 35 years Sunrise at East Cobb Marietta GA — 1,797 23,420 1,441 1,806 24,852 26,658 9,729 16,929 1997 2007 35 years Sunrise of Barrington Barrington IL — 859 15,085 846 892 15,898 16,790 4,117 12,673 2007 2012 35 years Sunrise of Bloomingdale Bloomingdale IL — 1,287 38,625 2,261 1,382 40,791 42,173 15,561 26,612 2000 2007 35 years Sunrise of Buffalo Grove Buffalo Grove IL — 2,154 28,021 1,760 2,339 29,596 31,935 11,418 20,517 1999 2007 35 years Sunrise of Lincoln Park Chicago IL — 3,485 26,687 4,312 3,504 30,980 34,484 10,887 23,597 2003 2007 35 years Sunrise of Naperville Naperville IL — 1,946 28,538 2,605 2,624 30,465 33,089 12,100 20,989 1999 2007 35 years Sunrise of Palos Park Palos Park IL — 2,363 42,205 1,357 2,416 43,509 45,925 16,551 29,374 2001 2007 35 years Sunrise of Park Ridge Park Ridge IL — 5,533 39,557 3,176 5,707 42,559 48,266 16,285 31,981 1998 2007 35 years Sunrise of Willowbrook Willowbrook IL — 1,454 60,738 3,781 2,080 63,893 65,973 22,545 43,428 2000 2007 35 years Sunrise on Old Meridian Carmel IN — 8,550 31,746 1,391 8,581 33,106 41,687 8,389 33,298 2009 2012 35 years Sunrise of Leawood Leawood KS — 651 16,401 1,340 878 17,514 18,392 4,365 14,027 2006 2012 35 years Sunrise of Overland Park Overland Park KS — 650 11,015 848 807 11,706 12,513 3,187 9,326 2007 2012 35 years Sunrise of Baton Rouge Baton Rouge LA — 1,212 23,547 2,045 1,382 25,422 26,804 9,698 17,106 2000 2007 35 years Sunrise of Columbia Columbia MD — 1,780 23,083 3,863 1,918 26,808 28,726 10,393 18,333 1996 2007 35 years Sunrise of Rockville Rockville MD — 1,039 39,216 2,917 1,075 42,097 43,172 15,758 27,414 1997 2007 35 years Sunrise of Arlington Arlington MA — 86 34,393 1,553 107 35,925 36,032 13,668 22,364 2001 2007 35 years Sunrise of Norwood Norwood MA — 2,230 30,968 2,326 2,356 33,168 35,524 12,608 22,916 1997 2007 35 years Sunrise of Bloomfield Bloomfield Hills MI — 3,736 27,657 2,370 3,929 29,834 33,763 11,247 22,516 2006 2007 35 years Sunrise of Cascade Grand Rapids MI — 1,273 21,782 873 1,370 22,558 23,928 5,657 18,271 2007 2012 35 years Sunrise of Northville Plymouth MI — 1,445 26,090 1,903 1,525 27,913 29,438 10,680 18,758 1999 2007 35 years Sunrise of Rochester Rochester MI — 2,774 38,666 1,898 2,854 40,484 43,338 15,372 27,966 1998 2007 35 years Sunrise of Troy Troy MI — 1,758 23,727 2,325 1,860 25,950 27,810 9,504 18,306 2001 2007 35 years Sunrise of Edina Edina MN — 3,181 24,224 3,752 3,305 27,852 31,157 10,600 20,557 1999 2007 35 years Sunrise of East Brunswick East Brunswick NJ — 2,784 26,173 2,513 3,030 28,440 31,470 11,253 20,217 1999 2007 35 years Sunrise of Jackson Jackson NJ — 4,009 15,029 965 4,013 15,990 20,003 4,242 15,761 2008 2012 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Sunrise of Morris Plains Morris Plains NJ — 1,492 32,052 2,852 1,601 34,795 36,396 13,226 23,170 1997 2007 35 years Sunrise of Old Tappan Old Tappan NJ — 2,985 36,795 3,284 3,177 39,887 43,064 14,833 28,231 1997 2007 35 years Sunrise of Wall Wall Township NJ — 1,053 19,101 2,232 1,088 21,298 22,386 8,195 14,191 1999 2007 35 years Sunrise of Wayne Wayne NJ — 1,288 24,990 3,399 1,373 28,304 29,677 10,783 18,894 1996 2007 35 years Sunrise of Westfield Westfield NJ — 5,057 23,803 3,108 5,185 26,783 31,968 10,205 21,763 1996 2007 35 years Sunrise of Woodcliff Lake Woodcliff Lake NJ — 3,493 30,801 2,738 3,692 33,340 37,032 12,633 24,399 2000 2007 35 years Sunrise of North Lynbrook Lynbrook NY — 4,622 38,087 2,945 4,700 40,954 45,654 15,709 29,945 1999 2007 35 years Sunrise at Fleetwood Mount Vernon NY — 4,381 28,434 2,802 4,646 30,971 35,617 12,297 23,320 1999 2007 35 years Sunrise of New City New City NY — 1,906 27,323 2,623 1,995 29,857 31,852 11,316 20,536 1999 2007 35 years Sunrise of Smithtown Smithtown NY — 2,853 25,621 3,346 3,040 28,780 31,820 11,551 20,269 1999 2007 35 years Sunrise of Staten Island Staten Island NY — 7,237 23,910 1,628 7,292 25,483 32,775 12,542 20,233 2006 2007 35 years Sunrise on Providence Charlotte NC — 1,976 19,472 2,856 1,988 22,316 24,304 8,726 15,578 1999 2007 35 years Sunrise at North Hills Raleigh NC — 749 37,091 5,448 849 42,439 43,288 16,851 26,437 2000 2007 35 years Sunrise at Parma Cleveland OH — 695 16,641 1,426 908 17,854 18,762 7,064 11,698 2000 2007 35 years Sunrise of Cuyahoga Falls Cuyahoga Falls OH — 626 10,239 2,061 862 12,064 12,926 4,852 8,074 2000 2007 35 years Sunrise of Abington Abington PA — 1,838 53,660 6,417 2,070 59,845 61,915 22,689 39,226 1997 2007 35 years Sunrise of Blue Bell Blue Bell PA — 1,765 23,920 3,658 1,928 27,415 29,343 10,759 18,584 2006 2007 35 years Sunrise of Exton Exton PA — 1,123 17,765 2,304 1,209 19,983 21,192 7,821 13,371 2000 2007 35 years Sunrise of Haverford Haverford PA — 941 25,872 2,510 990 28,333 29,323 11,004 18,319 1997 2007 35 years Sunrise of Granite Run Media PA — 1,272 31,781 2,576 1,428 34,201 35,629 13,112 22,517 1997 2007 35 years Sunrise of Lower Makefield Morrisville PA — 3,165 21,337 890 3,174 22,218 25,392 5,775 19,617 2008 2012 35 years Sunrise of Westtown West Chester PA — 1,547 22,996 2,041 1,576 25,008 26,584 10,038 16,546 1999 2007 35 years Sunrise of Hillcrest Dallas TX — 2,616 27,680 1,373 2,626 29,043 31,669 11,003 20,666 2006 2007 35 years Sunrise of Fort Worth Fort Worth TX — 2,024 18,587 1,067 2,178 19,500 21,678 5,146 16,532 2007 2012 35 years Sunrise of Frisco Frisco TX — 2,523 14,547 783 2,561 15,292 17,85 |
Schedule IV - Real Estate Mortg
Schedule IV - Real Estate Mortgage Loans | 12 Months Ended |
Dec. 31, 2019 | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | |
Schedule IV - Real Estate Mortgage Loans | SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE December 31, 2019 Location Number of RE Assets Interest Rate Fixed / Variable Maturity Date Monthly Debt Service Face Value Net Book Value Prior Liens (In thousands) First Mortgages Ohio 1 8.88% V 10/1/2021 568 78,448 78,448 — Texas 1 7.21% V 1/31/2029 12 1,900 1,900 — Mezzanine Loans Multiple 156 8.16% V 6/9/2021 2,005 489,752 487,246 1,024,482 California 1 7.76% V 8/29/2024 14 6,428 6,428 34,252 California 1 7.76% V 8/29/2024 20 9,336 9,336 11,181 Construction Loans Colorado 1 8.75% F 11/1/2021 437 59,043 58,860 — Total $ 3,056 $ 644,907 $ 642,218 $ 1,069,915 Mortgage Loan Reconciliation 2019 2018 2017 (In thousands) Beginning Balance $ 427,117 $ 565,875 $ 634,201 Additions: New loans 1,234,244 9,900 — Construction draws — — — Total additions 1,234,244 9,900 — Deductions: Principal repayments (1,011,353 ) (148,658 ) (68,326 ) Total deductions (1,011,353 ) (148,658 ) (68,326 ) Effect of foreign currency translation (7,790 ) — — Ending Balance $ 642,218 $ 427,117 $ 565,875 |
Accounting Policies (Policies)
Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation The accompanying Consolidated Financial Statements include our accounts and the accounts of our wholly owned subsidiaries and the joint venture entities over which we exercise control. All intercompany transactions and balances have been eliminated in consolidation, and our net earnings are reduced by the portion of net earnings attributable to noncontrolling interests. U.S. generally accepted accounting principles (“GAAP”) requires us to identify entities for which control is achieved through means other than voting rights and to determine which business enterprise is the primary beneficiary of variable interest entities (“VIEs”). A VIE is broadly defined as an entity with one or more of the following characteristics: (a) the total equity investment at risk is insufficient to finance the entity’s activities without additional subordinated financial support; (b) as a group, the holders of the equity investment at risk lack (i) the ability to make decisions about the entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; and (c) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. We consolidate our investment in a VIE when we determine that we are its primary beneficiary. We may change our original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affects the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. |
Variable Interest Entities | We identify the primary beneficiary of a VIE as the enterprise that has both: (i) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could be significant to the entity. We perform this analysis on an ongoing basis. As it relates to investments in joint ventures, GAAP may preclude consolidation by the sole general partner in certain circumstances based on the type of rights held by the limited partner or partners. We assess limited partners’ rights and their impact on our consolidation conclusions, and we reassess if there is a change to the terms or in the exercisability of the rights of the limited partners, the sole general partner increases or decreases its ownership of limited partnership (“LP”) interests or there is an increase or decrease in the number of outstanding LP interests. We also apply this guidance to managing member interests in limited liability companies (“LLCs”). We consolidate several VIEs that share the following common characteristics: • the VIE is in the legal form of an LP or LLC; • the VIE was designed to own and manage its underlying real estate investments; • we are the general partner or managing member of the VIE; • we own a majority of the voting interests in the VIE; • a minority of voting interests in the VIE are owned by external third parties, unrelated to us; • the minority owners do not have substantive kick-out or participating rights in the VIE; and • we are the primary beneficiary of the VIE. We have separately identified certain special purpose entities that were established to allow investments in research and innovation projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs, we are a holder of variable interests and that we are the primary beneficiary of the VIEs, and therefore we consolidate these special purpose entities. Our primary beneficiary determination is based upon several factors, including but not limited to the rights we have in directing the activities which most significantly impact the VIEs’ economic performance as well as certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. In general, the assets of the consolidated VIEs are available only for the settlement of the obligations of the respective entities. Unless otherwise required by the LP or LLC agreement, any mortgage loans of the consolidated VIEs are non-recourse to us. The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004 |
Investments in Unconsolidated Entities | Investments in Unconsolidated Entities We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. Under this method of accounting, our share of the investee’s earnings or losses is included in our Consolidated Statements of Income. We base the initial carrying value of investments in unconsolidated entities on the fair value of the assets at the time we acquired the joint venture interest. We estimate fair values for our equity method investments based on discounted cash flow models that include all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums or discounts. The capitalization rates, discount rates and credit spreads we use in these models are based upon assumptions that we believe to be within a reasonable range of current market rates for the respective investments. We generally amortize any difference between our cost basis and the basis reflected at the joint venture level, if any, over the lives of the related assets and liabilities and include that amortization in our share of income or loss from unconsolidated entities. For earnings of equity method investments with pro rata distribution allocations, net income or loss is allocated between the partners in the joint venture based on their respective stated ownership percentages. In other instances, net income or loss is allocated between the partners in the joint venture based on the hypothetical liquidation at book value method (the “HLBV method”). Under the HLBV method, net income or loss is allocated between the partners based on the difference between each partner’s claim on the net assets of the joint venture at the end and beginning of the period, after taking into account contributions and distributions. Each partner’s share of the net assets of the joint venture is calculated as the amount that the partner would receive if the joint venture were to liquidate all of its assets at net book value and distribute the resulting cash to creditors and partners in accordance with their respective priorities. Under the HLBV method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions we receive or than the amount we may receive in the event of an actual liquidation. |
Redeemable OP Unitholder and Noncontrolling Interests | Redeemable OP Unitholder and Noncontrolling Interests We own a majority interest in NHP/PMB L.P. (“NHP/PMB”), a limited partnership formed in 2008 to acquire properties from entities affiliated with Pacific Medical Buildings LLC (“PMB”). Given our wholly owned subsidiary is the general partner and the primary beneficiary of NHP/PMB, we consolidate it as a VIE. As of December 31, 2019 , third party investors owned 3.3 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 31% of the total units then outstanding, and we owned 7.3 million Class B limited partnership units in NHP/PMB, representing the remaining 69% . At any time following the first anniversary of the date of their issuance, the OP Units may be redeemed at the election of the holder for cash or, at our option, 0.9051 shares of our common stock per OP Unit, subject to further adjustment in certain circumstances. We are party by assumption to a registration rights agreement with the holders of the OP Units that requires us, subject to the terms and conditions and certain exceptions set forth therein, to file and maintain a registration statement relating to the issuance of shares of our common stock upon redemption of OP Units. Prior to January 2017, we owned a majority interest in Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. (“Ventas Realty OP”) and we consolidated this entity because our wholly owned subsidiary is the general partner and was the primary beneficiary of this VIE. In January 2017, third party investors redeemed the remaining limited partnership units (“Class C Units”) outstanding. After giving effect to such redemptions, Ventas Realty OP is our wholly owned subsidiary. As redemption rights are outside of our control, the redeemable OP Units are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Units at the greater of cost or redemption value. As of December 31, 2019 and 2018 , the fair value of the redeemable OP Units was $171.2 million and $174.6 million , respectively. We recognize changes in fair value through capital in excess of par value, net of cash distributions paid and purchases by us of any OP Units. Our diluted earnings per share includes the effect of any potential shares outstanding from redemption of the OP Units. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2019 and 2018 . Accordingly, we record the carrying amount of these noncontrolling interests at the greater of their initial carrying amount (increased or decreased for the noncontrolling interests’ share of net income or loss and distributions) or the redemption value. Our joint venture partners have certain redemption rights with respect to their noncontrolling interests in these joint ventures that are outside of our control, and the redeemable noncontrolling interests are classified outside of permanent equity on our Consolidated Balance Sheets. We recognize changes in the carrying value of redeemable noncontrolling interests through capital in excess of par value. Noncontrolling Interests Excluding the redeemable noncontrolling interests described above, we present the portion of any equity that we do not own in entities that we control (and thus consolidate) as noncontrolling interests and classify those interests as a component of consolidated equity, separate from total Ventas stockholders’ equity, on our Consolidated Balance Sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss, and comprehensive income, is allocated between the joint venture partners based on their respective stated ownership percentages. In other cases, net income or loss is allocated between the joint venture partners based on the HLBV method. We account for purchases or sales of equity interests that do not result in a change of control as equity transactions, through capital in excess of par value. We include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income and we include the noncontrolling interests share of comprehensive income in our Consolidated Statements of Comprehensive Income. |
Accounting for Historic and New Market Tax Credits | Accounting for Historic and New Markets Tax Credits For certain of our research and innovation centers, we are party to certain contractual arrangements with TCIs that were established to enable the TCIs to receive benefits of historic tax credits (“HTCs”) and/or new markets tax credits (“NMTCs”). As of December 31, 2019 , we owned ten properties, including one property in development, that had syndicated HTCs or NMTCs, or both, to TCIs. In general, TCIs invest cash into special purpose entities that invest in entities that own the subject property and generate the tax credits. The TCIs receive substantially all of the tax credits and hold only a nominal interest in the economic risk and benefits of the special purpose entities. HTCs are delivered to the TCIs upon substantial completion of the project. NMTCs are allowed for up to 39% of a qualified investment and are delivered to the TCIs after the investment has been funded and spent on a qualified business. HTCs are subject to 20% recapture per year beginning one year after the completion of the historic rehabilitation of the subject property. NMTCs are subject to 100% recapture until the end of the seventh year following the qualifying investment. We have provided the TCIs with certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. The contractual arrangements with the TCIs include a put/call provision whereby we may be obligated or entitled to repurchase the interest of the TCIs in the special purpose entities at the end of the tax credit recapture period. We anticipate that either the TCIs will exercise their put rights or we will exercise our call rights prior to the applicable tax credit recapture periods. The portion of the TCI’s investment that is attributed to the put is recorded at fair value at inception in accounts payable and other liabilities on our Consolidated Balance Sheets, and is accreted to the expected put price as interest expense in our Consolidated Statements of Income over the recapture period. The remaining balance of the TCI’s investment is initially recorded in accounts payable and other liabilities on our Consolidated Balance Sheets and will be relieved upon delivery of the tax credit to the TCI, as a reduction in the carrying value of the subject property, net of allocated expenses. Direct and incremental costs incurred in structuring the transaction are deferred and will be recognized as an increase in the cost basis of the subject property upon the recognition of the related tax credit as discussed above. |
Accounting Estimates | Accounting Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Accounting for Real Estate Acquisitions | Accounting for Real Estate Acquisitions When we acquire real estate, we first make reasonable judgments about whether the transaction involves an asset or a business. Our real estate acquisitions are generally accounted for as asset acquisitions as substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. Regardless of whether an acquisition is considered a business combination or an asset acquisition, we record the cost of the businesses or assets acquired as tangible and intangible assets and liabilities based upon their estimated fair values as of the acquisition date. We estimate the fair value of buildings acquired on an as-if-vacant basis or replacement cost basis and depreciate the building value over the estimated remaining life of the building, generally not to exceed 35 years . We determine the fair value of other fixed assets, such as site improvements and furniture, fixtures and equipment, based upon the replacement cost and depreciate such value over the assets’ estimated remaining useful lives as determined at the applicable acquisition date. We determine the value of land either by considering the sales prices of similar properties in recent transactions or based on internal analyses of recently acquired and existing comparable properties within our portfolio. We generally determine the value of construction in progress based upon the replacement cost. However, for certain acquired properties that are part of a ground-up development, we determine fair value by using the same valuation approach as for all other properties and deducting the estimated cost to complete the development. During the remaining construction period, we capitalize project costs until the development has reached substantial completion. Construction in progress, including capitalized interest, is not depreciated until the development has reached substantial completion. Intangibles primarily include the value of in-place leases and acquired lease contracts. We include all lease-related intangible assets and liabilities within acquired lease intangibles and accounts payable and other liabilities, respectively, on our Consolidated Balance Sheets. The fair value of acquired lease-related intangibles, if any, reflects: (i) the estimated value of any above and/or below market leases, determined by discounting the difference between the estimated market rent and in-place lease rent; and (ii) the estimated value of in-place leases related to the cost to obtain tenants, including leasing commissions, and an estimated value of the absorption period to reflect the value of the rent and recovery costs foregone during a reasonable lease-up period as if the acquired space was vacant. We amortize any acquired lease-related intangibles to revenue or amortization expense over the remaining life of the associated lease plus any assumed bargain renewal periods. If a lease is terminated prior to its stated expiration or not renewed upon expiration, we recognize all unamortized amounts of lease-related intangibles associated with that lease in operations at that time. We estimate the fair value of purchase option intangible assets and liabilities, if any, by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset or liability over the term of the lease, but rather adjust the recognized value of the asset or liability upon sale. In connection with an acquisition, we may assume rights and obligations under certain lease agreements pursuant to which we become the lessee of a given property. We generally assume the lease classification previously determined by the prior lessee absent a modification in the assumed lease agreement. We assess assumed operating leases, including ground leases, to determine whether the lease terms are favorable or unfavorable to us given current market conditions on the acquisition date. To the extent the lease terms are favorable or unfavorable to us relative to market conditions on the acquisition date, we recognize an intangible asset or liability at fair value and amortize that asset or liability to interest or rental expense in our Consolidated Statements of Income over the applicable lease term. Where we are the lessee, we record the acquisition date values of leases, including any above or below market value, within operating lease assets and operating lease liabilities on our Consolidated Balance Sheets. We estimate the fair value of noncontrolling interests assumed consistent with the manner in which we value all of the underlying assets and liabilities. We calculate the fair value of long-term assumed debt by discounting the remaining contractual cash flows on each instrument at the current market rate for those borrowings, which we approximate based on the rate at which we would expect to incur a replacement instrument on the date of acquisition, and recognize any fair value adjustments related to long-term debt as effective yield adjustments over the remaining term of the instrument. |
Impairment of Long-Lived and Intangible Assets | Impairment of Long-Lived and Intangible Assets We periodically evaluate our long-lived assets, primarily consisting of investments in real estate, for impairment indicators. If indicators of impairment are present, we evaluate the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, we consider market conditions and our current intentions with respect to holding or disposing of the asset. We adjust the net book value of real estate properties and other long-lived assets to fair value if the sum of the expected future undiscounted cash flows, including sales proceeds, is less than book value. We recognize an impairment loss at the time we make any such determination. If impairment indicators arise with respect to intangible assets with finite useful lives, we evaluate impairment by comparing the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, then we estimate the fair value of the asset and compare the estimated fair value to the intangible asset’s carrying value. We recognize any shortfall from carrying value as an impairment loss in the current period. We evaluate our investments in unconsolidated entities for impairment at least annually, and whenever events or changes in circumstances indicate that the carrying value of our investment may exceed its fair value. If we determine that a decline in the fair value of our investment in an unconsolidated entity is other-than-temporary, and if such reduced fair value is below the carrying value, we record an impairment. We test goodwill for impairment at least annually, and more frequently if indicators arise. We first assess qualitative factors, such as current macroeconomic conditions, state of the equity and capital markets and our overall financial and operating performance, to determine the likelihood that the fair value of a reporting unit is less than its carrying amount. If we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we proceed with the two-step approach to evaluating impairment. First, we estimate the fair value of the reporting unit and compare it to the reporting unit’s carrying value. If the carrying value exceeds fair value, we proceed with the second step, which requires us to assign the fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if it had been acquired in a business combination at the date of the impairment test. The excess fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied value of goodwill and is used to determine the amount of impairment. We recognize an impairment loss to the extent the carrying value of goodwill exceeds the implied value in the current period. Estimates of fair value used in our evaluation of goodwill (if necessary based on our qualitative assessment), investments in real estate, investments in unconsolidated entities and intangible assets are based upon discounted future cash flow projections or other acceptable valuation techniques that are based, in turn, upon all available evidence including level three inputs, such as revenue and expense growth rates, estimates of future cash flows, capitalization rates, discount rates, general economic conditions and trends, or other available market data. Our ability to accurately predict future operating results and cash flows and to estimate and determine fair values impacts the timing and recognition of impairments. While we believe our assumptions are reasonable, changes in these assumptions may have a material impact on our financial results. |
Assets Held-for-Sale and Discontinued Operations | Assets Held for Sale and Discontinued Operations We sell properties from time to time for various reasons, including favorable market conditions or the exercise of purchase options by tenants. We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, have been met. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value minus cost to sell and are no longer depreciated. If at any time we determine that the criteria for classifying assets as held for sale are no longer met, we reclassify assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. The carrying amount of these assets is adjusted (in the period in which a change in classification is determined) to reflect any depreciation expense that would have been recognized had the asset been continuously classified as net real estate investments. We report discontinued operations when the following criteria are met: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business is classified as held for sale on the acquisition date. The results of operations for assets meeting the definition of discontinued operations are reflected in our Consolidated Statements of Income as discontinued operations for all periods presented. We allocate estimated interest expense to discontinued operations based on property values and our weighted average interest rate or the property’s actual mortgage interest. |
Loans Receivable | Loans Receivable We record loans receivable, other than those acquired in connection with a business combination, on our Consolidated Balance Sheets (either in secured loans receivable and investments, net or other assets, in the case of non-mortgage loans receivable) at the unpaid principal balance, net of any deferred origination fees, purchase discounts or premiums and valuation allowances. We amortize net deferred origination fees, which are comprised of loan fees collected from the borrower net of certain direct costs, and purchase discounts or premiums over the contractual life of the loan using the effective interest method and immediately recognize in income any unamortized balances if the loan is repaid before its contractual maturity. We regularly evaluate the collectability of loans receivable based on factors such as corporate and facility-level financial and operational reports, compliance with financial covenants set forth in the applicable loan agreement, the financial strength of the borrower and any guarantor, the payment history of the borrower and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to collect all amounts due under the terms of the applicable loan agreement, we provide a reserve against the portion of the receivable that we estimate may not be collected. |
Cash Equivalents | Cash Equivalents Cash equivalents consist of highly liquid investments with a maturity date of three months or less when purchased. These investments are stated at cost, which approximates fair value. |
Escrow Deposits and Restricted Cash | Escrow Deposits and Restricted Cash Escrow deposits consist of amounts held by us or our lenders to provide for future real estate tax, insurance expenditures and tenant improvements related to our properties and operations. Restricted cash generally represents amounts paid to us for security deposits and other similar purposes. |
Deferred Financing Costs | Deferred Financing Costs We amortize deferred financing costs, which are reported within senior notes payable and other debt on our Consolidated Balance Sheets, as a component of interest expense over the terms of the related borrowings using a method that approximates a level yield. Amortized costs of approximately $20.2 million , $18.1 million and $18.9 million were included in interest expense for the years ended December 31, 2019 , 2018 and 2017 , respectively. |
Available for Sale Securities | Available for Sale Securities We classify available for sale securities as a component of other assets on our Consolidated Balance Sheets (other than our interests in government-sponsored pooled loan investments, which are classified as secured loans receivable and investments, net on our Consolidated Balance Sheets). We record these securities at fair value and include unrealized gains and losses recorded in stockholders’ equity as a component of accumulated other comprehensive income on our Consolidated Balance Sheets. We report interest income, including discount or premium amortization, on available for sale securities and gains or losses on securities sold, which are based on the specific identification method, in income from loans and investments in our Consolidated Statements of Income. |
Derivative Instruments | Derivative Instruments We recognize all derivative instruments in other assets or accounts payable and other liabilities on our Consolidated Balance Sheets at fair value as of the reporting date. We recognize changes in the fair value of derivative instruments in other expenses in our Consolidated Statements of Income or accumulated other comprehensive income on our Consolidated Balance Sheets, depending on the intended use of the derivative and our designation of the instrument. We do not use our derivative financial instruments, including interest rate caps, interest rate swaps and foreign currency forward contracts, for trading or speculative purposes. Our foreign currency forward contracts and certain of our interest rate swaps (including the interest rate swap contracts of consolidated and unconsolidated joint ventures) are designated as effectively hedging the variability of expected cash flows related to their underlying securities and, therefore, also are recorded on our Consolidated Balance Sheets at fair value, with changes in the fair value of these instruments recognized in accumulated other comprehensive income on our Consolidated Balance Sheets. We recognize any noncontrolling interests’ proportionate share of the changes in fair value of swap contracts of our consolidated joint ventures in noncontrolling interests on our Consolidated Balance Sheets. We recognize our proportionate share of the change in fair value of swap contracts of our unconsolidated joint ventures in accumulated other comprehensive income on our Consolidated Balance Sheets. Certain of our other interest rate swaps and rate caps were not designated as having a hedging relationship with the underlying securities and therefore do not meet the criteria for hedge accounting under GAAP. Accordingly, these interest rate swaps are recorded on our Consolidated Balance Sheets at fair value, and we recognize changes in the fair value of these instruments in current earnings (in other expenses) in our Consolidated Statements of Income. |
Fair Values of Financial Instruments | Fair Values of Financial Instruments Fair value is a market-based measurement, not an entity-specific measurement, and we determine fair value based on the assumptions that we expect market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within levels one and two of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within level three of the hierarchy). Level one inputs utilize unadjusted quoted prices for identical assets or liabilities in active markets that we have the ability to access. Level two inputs are inputs other than quoted prices included in level one that are directly or indirectly observable for the asset or liability. Level two inputs may include quoted prices for similar assets and liabilities in active markets and other inputs for the asset or liability that are observable at commonly quoted intervals, such as interest rates, foreign exchange rates and yield curves. Level three inputs are unobservable inputs for the asset or liability, which typically are based on our own assumptions, because there is little, if any, related market activity. If the determination of the fair value measurement is based on inputs from different levels of the hierarchy, the level within which the entire fair value measurement falls is the lowest level input that is significant to the fair value measurement in its entirety. If the volume and level of market activity for an asset or liability has decreased significantly relative to the normal market activity for such asset or liability (or similar assets or liabilities), then transactions or quoted prices may not accurately reflect fair value. In addition, if there is evidence that a transaction for an asset or liability is not orderly, little, if any, weight is placed on that transaction price as an indicator of fair value. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. We use the following methods and assumptions in estimating the fair value of our financial instruments. • Cash and cash equivalents - The carrying amount of unrestricted cash and cash equivalents reported on our Consolidated Balance Sheets approximates fair value due to the short maturity of these instruments. • Escrow deposits and restricted cash - The carrying amount of escrow deposits and restricted cash reported on our Consolidated Balance Sheets approximates fair value due to the short maturity of these instruments. • Loans receivable - We estimate the fair value of loans receivable using level two and level three inputs. We discount future cash flows using current interest rates at which similar loans with the same terms and length to maturity would be made to borrowers with similar credit ratings. • Available for sale securities - We estimate the fair value of marketable debt securities using level two inputs. We observe quoted prices for similar assets or liabilities in active markets that we have the ability to access. We estimate the fair value of certain government-sponsored pooled loan investments using level three inputs. We consider credit spreads, underlying asset performance and credit quality, and default rates. • Derivative instruments - With the assistance of a third party, we estimate the fair value of derivative instruments, including interest rate caps, interest rate swaps, and foreign currency forward contracts, using level two inputs. ◦ Interest rate caps - We observe forward yield curves and other relevant information. ◦ Interest rate swaps - We observe alternative financing rates derived from market-based financing rates, forward yield curves and discount rates. ◦ Foreign currency forward contracts - We estimate the future values of the two currency tranches using forward exchange rates that are based on traded forward points and calculate a present value of the net amount using a discount factor based on observable traded interest rates. • Senior notes payable and other debt - We estimate the fair value of senior notes payable and other debt using level two inputs. We discount the future cash flows using current interest rates at which we could obtain similar borrowings. For mortgage debt, we may estimate fair value using level three inputs, similar to those used in determining fair value of loans receivable (above). • Redeemable OP unitholder interests - We estimate the fair value of our redeemable OP unitholder interests using level one inputs. We base fair value on the closing price of our common stock, as OP Units may be redeemed at the election of the holder for cash or, at our option, shares of our common stock, subject to adjustment in certain circumstances. |
Revenue Recognition | Revenue Recognition Triple-Net Leased Properties and Office Operations Certain of our triple-net leases and most of our MOB and research and innovation center (collectively, “office operations”) leases provide for periodic and determinable increases in base rent. We recognize base rental revenues under these leases on a straight-line basis over the applicable lease term when collectability of substantially all rents is probable. Recognizing rental income on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a straight-line rent receivable that is included in other assets on our Consolidated Balance Sheets. At December 31, 2019 and 2018 , this cumulative excess totaled $278.8 million and $250.0 million (net of allowances of $44.6 million , recorded under prior accounting guidance), respectively (excluding properties classified as held for sale). Certain of our leases provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met. We recognize the increased rental revenue under these leases as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term. We assess the probability of collecting substantially all rents under our leases based on several factors, including, among other things, payment history, the financial strength of the tenant and any guarantors, the historical operations and operating trends of the property, the historical payment pattern of the tenant, the type of property, the value of the underlying collateral, if any, expected future performance of the property and current economic conditions. If our evaluation of these factors indicates it is not probable that we will be able to collect substantially all rents, we recognize a charge to rental income. If we change our conclusions regarding the probability of collecting rent payments required by a lease, we may recognize adjustments to rental income in the period we make such change in our conclusions. Senior Living Operations Our resident agreements are accounted for as leases and we recognize resident fees and services, other than move-in fees, monthly as services are provided. We recognize move-in fees on a straight-line basis over the average resident stay. Other We recognize interest income from loans and investments, including discounts and premiums, using the effective interest method when collectability is reasonably assured. We apply the effective interest method on a loan-by-loan basis and recognize discounts and premiums as yield adjustments over the related loan term. We recognize interest income on an impaired loan to the extent our estimate of the fair value of the collateral is sufficient to support the balance of the loan, other receivables and all related accrued interest. When the balance of the loan, other receivables and all related accrued interest is equal to or less than our estimate of the fair value of the collateral, we recognize interest income on a cash basis. We provide a reserve against an impaired loan to the extent our total investment in the loan exceeds our estimate of the fair value of the loan collateral. |
Stock-Based Compensation | Stock-Based Compensation We recognize share-based payments to employees and directors, including grants of stock options and restricted stock, included in general, administrative and professional fees in our Consolidated Statements of Income generally on a straight-line basis over the requisite service period based on the grant date fair value of the award. |
Gain on Sale of Assets | Gain on Sale of Assets On January 1, 2018, we adopted the provisions of Accounting Standards Codification (“ASC”) 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”). In accordance with ASC 610-20, we recognize any gains when we transfer control of a property and when it is probable that we will collect substantially all of the related consideration. We adopted ASC 610-20 using the modified retrospective method and recognized a cumulative effect adjustment to retained earnings of $31.2 million relating to deferred gains on sales of real estate assets in 2015. |
Federal Income Tax | Federal Income Tax We have elected to be treated as a REIT under the applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”), for every year beginning with the year ended December 31, 1999. Accordingly, we generally are not subject to federal income tax on net income that we distribute to our stockholders, provided that we continue to qualify as a REIT. However, with respect to certain of our subsidiaries that have elected to be treated as taxable REIT subsidiaries (“TRS” or “TRS entities”), we record income tax expense or benefit, as those entities are subject to federal income tax similar to regular corporations. Certain foreign subsidiaries are subject to foreign income tax, although they did not elect to be treated as TRSs. We account for deferred income taxes using the asset and liability method and recognize deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our financial statements or tax returns. Under this method, we determine deferred tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Any increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes us to change our judgment about expected future tax consequences of events, is included in the tax provision when such changes occur. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances, and that causes us to change our judgment about the realizability of the related deferred tax asset, is included in the tax provision when such changes occur. We recognize the tax benefit from an uncertain tax position claimed or expected to be claimed on a tax return only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. We recognize interest and penalties, if applicable, related to uncertain tax positions as part of income tax benefit or expense. |
Foreign Currency | Foreign Currency Certain of our subsidiaries’ functional currencies are the local currencies of their respective foreign jurisdictions. We translate the results of operations of our foreign subsidiaries into U.S. dollars using average rates of exchange in effect during the period, and we translate balance sheet accounts using exchange rates in effect at the end of the period. We record resulting currency translation adjustments in accumulated other comprehensive income, a component of stockholders’ equity, on our Consolidated Balance Sheets, and we record foreign currency transaction gains and losses in other expense in our Consolidated Statements of Income. We recognize any noncontrolling interests’ proportionate share of currency translation adjustments of our foreign consolidated joint ventures in noncontrolling interests on our Consolidated Balance Sheets. |
Segment Reporting | Segment Reporting As of December 31, 2019 , 2018 and 2017 , we operated through three reportable business segments: triple-net leased properties, senior living operations and office operations. Under our triple-net leased properties segment, we invest in and own seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses. In our senior living operations segment, we invest in seniors housing communities throughout the United States and Canada and engage independent operators, such as Atria and Sunrise, to manage those communities. In our office operations segment, we primarily acquire, own, develop, lease and manage MOBs and research and innovation centers throughout the United States. See “ NOTE 19—SEGMENT INFORMATION .” |
Recently Issued or Adopted Accounting Standards | Recently Issued or Adopted Accounting Standards We adopted ASC Topic 842, Leases (“ASC 842”) on January 1, 2019, which introduced a lessee model that brings most leases on the balance sheet and, among other changes, eliminates the requirement in current GAAP for an entity to use bright-line tests in determining lease classification. ASC 842 allows for several practical expedients which permit the following: no reassessment of lease classification or initial direct costs; use of the standard’s effective date as the date of initial application; and no separation of non-lease components from the related lease components and, instead, to account for those components as a single lease component if certain criteria are met. We elected these practical expedients using the effective date as our date of initial application. Therefore, financial information and disclosures under ASC 842 are not provided for periods prior to January 1, 2019. Upon adoption, we recognized both right of use assets and lease liabilities for leases in which we lease land, real property or other equipment. We now also report revenues and expenses within our triple-net leased properties reportable business segment for real estate taxes and insurance that are escrowed and obligations of the tenants in accordance with their respective leases with us. This reporting had no impact on our net income. Resident leases within our senior living operations reportable business segment and office leases also contain service elements. We elected the practical expedient to account for our resident and office leases as a single lease component. Also, we now expense certain leasing costs, other than leasing commissions, as they are incurred. Prior to the adoption of ASC 842, GAAP provided for the deferral and amortization of such costs over the applicable lease term. We are continuing to amortize any unamortized deferred lease costs as of December 31, 2018 over their respective lease terms. As of January 1, 2019 we recognized operating lease assets of $361.7 million on our Consolidated Balance Sheets which includes the present value of minimum lease payments as well as certain existing above and/or below market lease intangible values associated with such leases. Also upon adoption, we recognized operating lease liabilities of $216.9 million on our Consolidated Balance Sheets. The present value of minimum lease payments was calculated on each lease using a discount rate that approximates our incremental borrowing rate primarily adjusted for the length of the individual lease terms. As of the January 1, 2019 adoption date, we utilized discount rates ranging from 6.15% to 7.60% for our ground leases. Upon adoption, we recognized a cumulative effect adjustment to retained earnings of $0.6 million primarily relating to certain costs associated with unexecuted leases that were deferred as of December 31, 2018. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The amendments in ASU 2016-13 require an entity to evaluate a current estimate of all expected credit losses over the life of a financial instrument, which may result in earlier recognition of credit losses on loans and other financial instruments. Under existing guidance, an entity generally only considered past events and current conditions in measuring an incurred loss. ASU 2016-13 is effective for us beginning January 1, 2020 and we are still evaluating the impact of adoption. Adoption of this standard is not expected to have a significant impact on our Consolidated Financial Statements. |
Reclassifications | Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. |
Accounting Policies (Tables)
Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Variable Interest Entities | The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004 |
Concentration of Credit Risk (T
Concentration of Credit Risk (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Risks and Uncertainties [Abstract] | |
Concentration risk for triple-net leased properties | The following table reflects the concentration risk related to our triple-net leased properties for the periods presented: For the Years Ended December 31, 2019 2018 2017 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.3 % 4.7 % Ardent 3.1 3.1 3.1 Kindred (3) 3.3 3.5 4.6 NOI: Brookdale Senior Living (2) 8.7 % 7.6 % 8.0 % Ardent 5.8 5.7 5.3 Kindred (3) 6.3 6.4 7.9 |
Schedule of future contracted minimum rentals for all of triple-net and MOB leases | The following table sets forth the future contracted minimum rentals, excluding contingent rent escalations, but including straight-line rent adjustments and reserves where applicable, for all of our consolidated triple-net and office building leases as of December 31, 2019 (excluding properties classified as held for sale as of December 31, 2019 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2020 $ 184,141 $ 122,348 $ 130,790 $ 891,141 $ 1,328,420 2021 183,774 122,348 130,786 829,610 1,266,518 2022 183,398 122,348 130,790 743,575 1,180,111 2023 183,000 122,348 110,365 680,422 1,096,135 2024 182,600 122,348 100,153 627,798 1,032,899 Thereafter 182,189 1,292,096 40,358 2,633,754 4,148,397 Total $ 1,099,102 $ 1,903,836 $ 643,242 $ 6,406,300 $ 10,052,480 |
Dispositions (Tables)
Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Assets Held-for-sale | The table below summarizes our real estate assets classified as held for sale as of December 31, 2019 and 2018 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale (Dollars in thousands) Triple-net leased properties 8 $ 62,098 $ 1,623 1 $ 5,482 $ 40 Office operations (1) 1 5,177 499 — 160 152 Senior living operations (1) 6 24,158 3,341 — (188 ) 13 Total 15 $ 91,433 $ 5,463 1 $ 5,454 $ 205 (1) Balances relate to anticipated post-closing settlements of working capital. |
Loans Receivable and Investme_2
Loans Receivable and Investments Loans Receivable and Investments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Loans Receivable And Investments [Abstract] | |
Loans Receivable And Investments | The following is a summary of our loans receivable and investments, net, including amortized cost, fair value and unrealized gains or losses on available for sale investments: Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2019: Secured/mortgage loans and other, net $ 645,546 $ 645,546 $ 646,925 $ — Government-sponsored pooled loan investments, net (1) 59,066 52,178 59,066 6,888 Total investments reported as secured loans receivable and investments, net 704,612 697,724 705,991 6,888 Non-mortgage loans receivable, net 63,724 63,724 63,538 — Marketable debt securities (2) 237,360 213,062 237,360 24,298 Total loans receivable and investments, net $ 1,005,696 $ 974,510 $ 1,006,889 $ 31,186 As of December 31, 2018: Secured/mortgage loans and other, net $ 439,491 $ 439,491 $ 425,290 $ — Government-sponsored pooled loan investments, net (3) 56,378 49,601 56,378 6,777 Total investments reported as secured loans receivable and investments, net 495,869 489,092 481,668 6,777 Non-mortgage loans receivable, net 54,164 54,164 54,081 — Marketable debt securities (4) 206,442 197,473 206,442 8,969 Total loans receivable and investments, net $ 756,475 $ 740,729 $ 742,191 $ 15,746 (1) As of December 31, 2019 , investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023. (2) As of December 31, 2019 , investments in marketable debt securities have contractual maturity dates in 2024 and 2026. (3) As of December 31, 2018 , investments in government-sponsored pooled loans have contractual maturity dates in 2023. (4) As of December 31, 2018 , investments in marketable debt securities have contractual maturity dates in 2026. |
Intangibles (Tables)
Intangibles (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract] | |
Schedule of Intangibles | The following is a summary of our intangibles: As of December 31, 2019 As of December 31, 2018 Balance Remaining Weighted Average Amortization Period in Years Balance Remaining Weighted Average Amortization Period in Years (Dollars in thousands) Intangible assets: Above market lease intangibles $ 145,891 6.9 $ 181,393 6.7 In-place and other lease intangibles 1,160,261 10.6 1,321,562 24.7 Goodwill 1,051,161 N/A 1,050,548 N/A Other intangibles 35,837 10.9 35,759 11.8 Accumulated amortization (920,742 ) N/A (921,107 ) N/A Net intangible assets $ 1,472,408 10.2 $ 1,668,155 22.9 Intangible liabilities: Below market lease intangibles $ 349,357 14.5 $ 356,771 14.4 Other lease intangibles 13,498 N/A 31,418 46.5 Accumulated amortization (203,834 ) N/A (191,909 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 162,589 14.5 $ 199,848 17.2 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following is a summary of the estimated net amortization related to these intangibles for each of the next five years: Estimated Net Amortization (In thousands) 2020 $ 53,988 2021 46,651 2022 39,315 2023 36,107 2024 28,622 |
Schedule of Goodwill | The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2019 : Goodwill (In thousands) Triple-net leased properties $ 321,781 Senior living operations 259,482 Office operations 469,898 Total goodwill $ 1,051,161 |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Summary of other assets | The following is a summary of our other assets: As of December 31, 2019 2018 (In thousands) Straight-line rent receivables $ 278,833 $ 250,023 Non-mortgage loans receivable, net 63,724 54,164 Marketable debt securities 237,360 206,442 Other intangibles, net 5,149 5,623 Investment in unconsolidated operating entities 59,301 56,820 Other 232,929 186,113 Total other assets $ 877,296 $ 759,185 |
Senior Notes and Other Debt (Ta
Senior Notes and Other Debt (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Summary of senior notes payable and other debt | The following is a summary of our senior notes payable and other debt: As of December 31, 2019 2018 (In thousands) Unsecured revolving credit facility (1) $ 120,787 $ 765,919 Commercial paper notes 567,450 — Secured revolving construction credit facility due 2022 160,492 90,488 3.00% Senior Notes, Series A due 2019 (2) — 293,319 2.70% Senior Notes due 2020 — 500,000 Floating Rate Senior Notes, Series F due 2021 (2) 231,018 — 4.25% Senior Notes due 2022 — 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.30% Senior Notes, Series C due 2022 (2) 192,515 183,325 Unsecured term loan due 2023 200,000 300,000 3.125% Senior Notes due 2023 400,000 400,000 3.10% Senior Notes due 2023 400,000 400,000 2.55% Senior Notes, Series D due 2023 (2) 211,767 201,657 Unsecured term loan due 2024 — 600,000 3.50% Senior Notes due 2024 400,000 — 3.75% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (2) 192,515 183,324 2.80% Senior Notes, Series E due 2024 (2) 462,036 — Unsecured term loan due 2025 (2) 385,030 — 3.50% Senior Notes due 2025 600,000 600,000 2.65% Senior Notes due 2025 450,000 — 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.85% Senior Notes due 2027 400,000 400,000 4.00% Senior Notes due 2028 650,000 650,000 4.40% Senior Notes due 2029 750,000 750,000 3.00% Senior Notes due 2030 650,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,823 22,823 5.45% Senior Notes due 2043 — 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 4.875% Senior Notes due 2049 300,000 — Mortgage loans and other 1,996,969 1,127,697 Total 12,245,802 10,829,702 Deferred financing costs, net (79,939 ) (69,615 ) Unamortized fair value adjustment 20,056 (1,163 ) Unamortized discounts (27,146 ) (25,225 ) Senior notes payable and other debt $ 12,158,773 $ 10,733,699 (1) As of December 31, 2019 and 2018 , respectively, $26.2 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.6 million and $27.8 million were denominated in British pounds as of December 31, 2019 and 2018 , respectively. (2) Canadian Dollar debt obligations shown in US Dollars. |
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations | The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2019 : Principal Amount Due at Maturity Unsecured Revolving Credit Facility and Commercial Paper Notes (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2020 $ 276,653 $ 567,450 $ 40,291 $ 884,394 2021 361,046 120,787 38,954 520,787 2022 1,269,661 — 33,163 1,302,824 2023 1,602,104 — 19,409 1,621,513 2024 1,571,967 — 13,058 1,585,025 Thereafter 6,243,430 — 87,829 6,331,259 Total maturities $ 11,324,861 $ 688,237 $ 232,704 $ 12,245,802 (1) As of December 31, 2019 , we had $581.9 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $106.4 million of unrestricted cash and cash equivalents. |
Fair Values of Financial Inst_2
Fair Values of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Carrying amounts and fair values of financial instruments | he carrying amounts and fair values of our financial instruments were as follows: As of December 31, 2019 As of December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 106,363 $ 106,363 $ 72,277 $ 72,277 Escrow deposits and restricted cash 39,739 39,739 59,187 59,187 Secured mortgage loans and other, net 645,546 646,925 439,491 425,290 Non-mortgage loans receivable, net 63,724 63,538 54,164 54,081 Marketable debt securities 237,360 237,360 206,442 206,442 Government-sponsored pooled loan investments, net 59,066 59,066 56,378 56,378 Derivative instruments 738 738 6,012 6,012 Liabilities: Senior notes payable and other debt, gross 12,245,802 12,778,758 10,829,702 10,617,074 Derivative instruments 12,987 12,987 4,561 4,561 Redeemable OP Units 171,178 171,178 174,552 174,552 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Summary of stock option activity | The following is a summary of stock option activity in 2019 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2018 4,783 $ 59.20 Options granted — — Options exercised (700 ) 51.68 Options forfeited (6 ) 60.50 Options expired — — Outstanding as of December 31, 2019 4,077 60.49 5.7 $ 7,379 Exercisable as of December 31, 2019 4,014 60.49 5.7 $ 7,415 |
Summary of status of nonvested restricted stock and restricted stock units and changes during the year | A summary of the status of our non-vested restricted stock and restricted stock units, including performance-based awards, as of December 31, 2019 , and changes during the year ended December 31, 2019 follows: Restricted Stock (000’s) Weighted Average Grant Date Fair Value Restricted Stock Units (000’s) Weighted Average Grant Date Fair Value Nonvested at December 31, 2018 276 $ 53.64 628 $ 57.70 Granted 143 62.69 304 59.85 Vested (149 ) 54.20 (371 ) 60.73 Forfeited (22 ) 57.24 (22 ) 53.69 Nonvested at December 31, 2019 248 58.21 539 56.99 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of tax treatment of distributions per common share | Our tax treatment of distributions per common share was as follows: For the Years Ended December 31, 2019 2018 2017 Tax treatment of distributions: Ordinary income $ — $ — $ 1.02814 Qualified ordinary income 0.12230 0.00375 0.00337 199A qualified business income 2.22898 2.97465 — Long-term capital gain — 0.05916 1.07836 Unrecaptured Section 1250 gain 0.03434 0.12244 0.21513 Non-dividend distribution 0.78438 — — Distribution reported for 1099-DIV purposes 3.17000 3.16000 2.32500 Add: Dividend declared in current year and taxable in following year 0.79250 0.79250 0.79000 Less: Dividend declared in prior year and taxable in current year (0.79250 ) (0.79000 ) — Distribution declared per common share outstanding $ 3.17000 $ 3.16250 $ 3.11500 |
Schedule of provision (benefit) for income taxes | Our consolidated benefit for income taxes was as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Current - Federal $ (1,840 ) $ (2,953 ) $ (5,672 ) Current - State 2,118 1,332 1,119 Deferred - Federal (49,532 ) (32,492 ) (54,396 ) Deferred - State (3,353 ) (825 ) 3,237 Current - Foreign 2,335 1,892 2,307 Deferred - Foreign (6,038 ) (6,907 ) (6,394 ) Total $ (56,310 ) $ (39,953 ) $ (59,799 ) |
Schedule of reconciliation of income tax expense | A reconciliation of income tax expense and benefit, which is computed by applying the federal corporate tax rate for the years ended December 31, 2019 , 2018 and 2017 , to the income tax benefit is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 77,803 $ 80,811 $ 204,742 State income taxes, net of federal benefit 2,341 (253 ) (1,115 ) Change in valuation allowance from ordinary operations (47,227 ) (5,451 ) 8,237 Decrease in ASC 740 income tax liability — (4,347 ) (4,750 ) Tax at statutory rate on earnings not subject to federal income taxes (90,862 ) (89,947 ) (231,379 ) Foreign rate differential and foreign taxes 1,407 1,924 6,407 Change in tax status of TRS (52 ) 359 (690 ) Effect of the 2017 Tax Act — (23,160 ) (41,212 ) Other differences 280 111 (39 ) Income tax benefit $ (56,310 ) $ (39,953 ) $ (59,799 ) |
Summary of tax effects of temporary differences and carryforwards included in the net deferred tax liabilities | The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities are summarized as follows: As of December 31, 2019 2018 2017 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (257,373 ) $ (269,758 ) $ (300,395 ) Operating loss and interest deduction carryforwards 136,771 133,243 146,732 Expense accruals and other 7,380 11,910 12,890 Valuation allowance (40,114 ) (80,614 ) (109,319 ) Net deferred tax liabilities $ (153,336 ) $ (205,219 ) $ (250,092 ) We established beginning net deferred tax assets and liabilities related to temporary differences between the financial reporting and the tax bases of assets acquired and liabilities assumed (primarily property, intangible and related assets, net of NOL carryforwards) in connection with the following acquisitions: For the Years Ended December 31, 2019 2018 2017 (In thousands) Research and innovation acquisition $ — $ — $ 19,262 Miscellaneous acquisitions — (922 ) (4,510 ) Established beginning deferred tax assets or liabilities $ — $ (922 ) $ 14,752 |
Summary of activity related to unrecognized tax benefits | The following table summarizes the activity related to our unrecognized tax benefits: 2019 2018 (In thousands) Balance as of January 1 $ 12,344 $ 16,765 Additions to tax positions related to prior years 178 207 Subtractions to tax positions related to prior years (395 ) (1,720 ) Subtractions to tax positions as a result of the lapse of the statute of limitations — (2,908 ) Balance as of December 31 $ 12,127 $ 12,344 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases | The following table summarizes future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2019 (in thousands): 2020 $ 24,395 2021 (1) 56,948 2022 (1) 28,023 2023 19,322 2024 18,398 Thereafter 644,996 Total undiscounted minimum lease payments 792,082 Less: imputed interest (540,886 ) Operating lease liabilities $ 251,196 (1) Obligations include payment of ground rent upon substantial completion of in progress research and innovation developments. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Earnings Per Share [Abstract] | |
Computation of basic and diluted earnings per common share | The following table shows the amounts used in computing our basic and diluted earnings per common share: For the Years Ended December 31, 2019 2018 2017 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 439,297 $ 415,991 $ 1,361,222 Discontinued operations — (10 ) (110 ) Net income 439,297 415,981 1,361,112 Net income attributable to noncontrolling interests 6,281 6,514 4,642 Net income attributable to common stockholders $ 433,016 $ 409,467 $ 1,356,470 Denominator: Denominator for basic earnings per share—weighted average shares 365,977 356,265 355,326 Effect of dilutive securities: Stock options 391 174 494 Restricted stock awards 527 331 265 OP unitholder interests 2,991 2,531 2,481 Denominator for diluted earnings per share—adjusted weighted average shares 369,886 359,301 358,566 Basic earnings per share: Income from continuing operations $ 1.20 $ 1.17 $ 3.83 Net income attributable to common stockholders 1.18 1.15 3.82 Diluted earnings per share: Income from continuing operations $ 1.19 $ 1.16 $ 3.80 Net income attributable to common stockholders 1.17 1.14 3.78 |
Permanent and Temporary Equity
Permanent and Temporary Equity (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income | The following is a summary of our accumulated other comprehensive loss: As of December 31, 2019 2018 (In thousands) Foreign currency translation $ (51,743 ) $ (55,016 ) Available for sale securities 27,380 15,746 Derivative instruments (10,201 ) 19,688 Total accumulated other comprehensive loss $ (34,564 ) $ (19,582 ) |
Redeemable OP Unitholder and Noncontrolling Interest | The following is a rollforward of our redeemable OP unitholder and noncontrolling interests for 2019 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2018 $ 174,552 $ 13,589 $ 188,141 New issuances (1) — 81,181 81,181 Change in valuation 7,389 7,730 15,119 Distributions and other (9,298 ) — (9,298 ) Redemptions (1,465 ) — (1,465 ) Balance as of December 31, 2019 $ 171,178 $ 102,500 $ 273,678 (1) Includes the redeemable portion of LGM's interest in certain seniors housing communities acquired in September 2019. |
Quarterly Financial Informati_2
Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of unaudited consolidated quarterly information | Summarized unaudited consolidated quarterly information is provided below: For the Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 942,874 $ 950,717 $ 983,155 $ 996,004 Income from continuing operations $ 127,588 $ 211,898 $ 86,918 $ 12,893 Net income 127,588 211,898 86,918 12,893 Net income attributable to noncontrolling interests 1,803 1,369 1,659 1,450 Net income attributable to common stockholders $ 125,785 $ 210,529 $ 85,259 $ 11,443 Basic earnings per share: Income from continuing operations $ 0.36 $ 0.59 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Diluted earnings per share: Income from continuing operations $ 0.35 $ 0.58 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Dividends declared per common share $ 0.7925 $ 0.7925 $ 0.7925 $ 0.7925 For the Year Ended December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 943,705 $ 942,304 $ 936,538 $ 923,263 Income from continuing operations $ 80,108 $ 169,300 $ 103,281 $ 63,302 Discontinued operations (10 ) — — — Net income 80,098 169,300 103,281 63,302 Net income attributable to noncontrolling interests 1,395 2,781 1,309 1,029 Net income attributable to common stockholders $ 78,703 $ 166,519 $ 101,972 $ 62,273 Basic earnings per share: Income from continuing operations $ 0.22 $ 0.48 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.47 0.29 0.17 Diluted earnings per share: Income from continuing operations $ 0.22 $ 0.47 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.46 0.28 0.17 Dividends declared per common share $ 0.79 $ 0.79 $ 0.79 $ 0.7925 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Segment Reporting [Abstract] | |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | Summary information by reportable business segment is as follows: For the Year Ended December 31, 2019 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 780,898 $ — $ 828,978 $ — $ 1,609,876 Resident fees and services — 2,151,533 — — 2,151,533 Office building and other services revenue — — 7,747 3,409 11,156 Income from loans and investments — — — 89,201 89,201 Interest and other income — — — 10,984 10,984 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Less: Interest and other income — — — 10,984 10,984 Property-level operating expenses 26,561 1,521,398 260,249 — 1,808,208 Office building services costs — — 2,319 — 2,319 Segment NOI $ 754,337 $ 630,135 $ 574,157 $ 92,610 2,051,239 Interest and other income 10,984 Interest expense (451,662 ) Depreciation and amortization (1,045,620 ) General, administrative and professional fees (165,996 ) Loss on extinguishment of debt, net (41,900 ) Merger-related expenses and deal costs (15,235 ) Other 17,609 Loss from unconsolidated entities (2,454 ) Gain on real estate dispositions 26,022 Income tax benefit 56,310 Income from continuing operations 439,297 Discontinued operations — Net income 439,297 Net income attributable to noncontrolling interests 6,281 Net income attributable to common stockholders $ 433,016 For the Year Ended December 31, 2018 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 737,796 $ — $ 776,011 $ — $ 1,513,807 Resident fees and services — 2,069,477 — — 2,069,477 Office building and other services revenue 2,522 — 7,592 3,302 13,416 Income from loans and investments — — — 124,218 124,218 Interest and other income — — — 24,892 24,892 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Less: Interest and other income — — — 24,892 24,892 Property-level operating expenses — 1,446,201 243,679 — 1,689,880 Office building services costs — — 1,418 — 1,418 Segment NOI $ 740,318 $ 623,276 $ 538,506 $ 127,520 2,029,620 Interest and other income 24,892 Interest expense (442,497 ) Depreciation and amortization (919,639 ) General, administrative and professional fees (151,982 ) Loss on extinguishment of debt, net (58,254 ) Merger-related expenses and deal costs (30,547 ) Other (66,768 ) Loss from unconsolidated entities (55,034 ) Gain on real estate dispositions 46,247 Income tax benefit 39,953 Income from continuing operations 415,991 Discontinued operations (10 ) Net income 415,981 Net income attributable to noncontrolling interests 6,514 Net income attributable to common stockholders $ 409,467 For the Year Ended December 31, 2017 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 840,131 $ — $ 753,467 $ — $ 1,593,598 Resident fees and services — 1,843,232 — — 1,843,232 Office building and other services revenue 4,580 — 7,497 1,600 13,677 Income from loans and investments — — — 117,608 117,608 Interest and other income — — — 6,034 6,034 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Less: Interest and other income — — — 6,034 6,034 Property-level operating expenses — 1,250,065 233,007 — 1,483,072 Office building services costs — — 3,391 — 3,391 Segment NOI $ 844,711 $ 593,167 $ 524,566 $ 119,208 2,081,652 Interest and other income 6,034 Interest expense (448,196 ) Depreciation and amortization (887,948 ) General, administrative and professional fees (135,490 ) Loss on extinguishment of debt, net (754 ) Merger-related expenses and deal costs (10,535 ) Other (20,052 ) Loss from unconsolidated entities (561 ) Gain on real estate dispositions 717,273 Income tax benefit 59,799 Income from continuing operations 1,361,222 Discontinued operations (110 ) Net income 1,361,112 Net income attributable to noncontrolling interests 4,642 Net income attributable to common stockholders $ 1,356,470 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Assets by reportable business segment are as follows: As of December 31, 2019 2018 (Dollars in thousands) Assets: Triple-net leased properties $ 6,381,657 25.8 % $ 6,795,142 30.1 % Senior living operations 10,142,023 41.1 8,156,187 36.1 Office operations 7,173,401 29.1 6,772,957 30.0 All other assets 995,127 4.0 860,269 3.8 Total assets $ 24,692,208 100.0 % $ 22,584,555 100.0 % |
Segment Reporting Information Expenditures for Additions to Long-Lived Assets [Table Text Block] | Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Capital expenditures: Triple-net leased properties $ 55,429 $ 58,744 $ 254,542 Senior living operations 944,214 337,750 261,900 Office operations 519,129 332,147 579,885 Total capital expenditures $ 1,518,772 $ 728,641 $ 1,096,327 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Geographic information regarding our operations is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Revenues: United States $ 3,578,341 $ 3,524,875 $ 3,361,682 Canada 266,946 192,350 186,049 United Kingdom 27,463 28,585 26,418 Total revenues $ 3,872,750 $ 3,745,810 $ 3,574,149 |
Long-lived Assets by Geographic Areas [Table Text Block] | As of December 31, 2019 2018 (In thousands) Net real estate property: United States $ 18,631,352 $ 18,861,163 Canada 2,830,850 963,588 United Kingdom 266,885 268,906 Total net real estate property $ 21,729,087 $ 20,093,657 |
Condensed Consolidating Infor_2
Condensed Consolidating Information (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 14,714 $ 108,533 $ 22,355,474 $ — $ 22,478,721 Cash and cash equivalents 1,904 — 104,459 — 106,363 Escrow deposits and restricted cash 1,205 128 38,406 — 39,739 Investment in and advances to affiliates 15,774,897 2,728,110 — (18,503,007 ) — Goodwill — — 1,051,161 — 1,051,161 Assets held for sale — — 91,433 — 91,433 Deferred income tax assets, net — — 47,495 — 47,495 Other assets 83,190 1,499 792,607 — 877,296 Total assets $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,352,384 $ 3,806,389 $ — $ 12,158,773 Intercompany loans 8,789,600 (5,105,070 ) (3,684,530 ) — — Accrued interest (14,522 ) 94,874 30,763 — 111,115 Operating lease liabilities 14,498 519 236,179 — 251,196 Accounts payable and other liabilities 342,828 20,360 782,512 — 1,145,700 Liabilities related to assets held for sale — — 5,463 — 5,463 Deferred income tax liabilities 1,329 — 199,502 — 200,831 Total liabilities 9,133,733 3,363,067 1,376,278 — 13,873,078 Redeemable OP unitholder and noncontrolling interests 102,657 — 171,021 — 273,678 Total equity 6,639,520 (524,797 ) 22,933,736 (18,503,007 ) 10,545,452 Total liabilities and equity $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 3,598 $ 112,691 $ 20,521,615 $ — $ 20,637,904 Cash and cash equivalents 6,470 — 65,807 — 72,277 Escrow deposits and restricted cash 4,211 128 54,848 — 59,187 Investment in and advances to affiliates 15,656,592 2,726,198 — (18,382,790 ) — Goodwill — — 1,050,548 — 1,050,548 Assets held for sale — — 5,454 — 5,454 Other assets 45,989 4,443 708,753 — 759,185 Total assets $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,620,867 $ 2,112,832 $ — $ 10,733,699 Intercompany loans 8,580,896 (5,629,764 ) (2,951,132 ) — — Accrued interest (9,953 ) 85,717 23,903 — 99,667 Accounts payable and other liabilities 319,753 19,178 747,099 — 1,086,030 Liabilities related to assets held for sale — — 205 — 205 Deferred income taxes 608 — 204,611 — 205,219 Total liabilities 8,891,304 3,095,998 137,518 — 12,124,820 Redeemable OP unitholder and noncontrolling interests 13,746 — 174,395 — 188,141 Total equity 6,811,810 (252,538 ) 22,095,112 (18,382,790 ) 10,271,594 Total liabilities and equity $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 |
CONDENSED CONSOLIDATING STATEMENT OF INCOME | CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,074 $ 142,562 $ 1,466,240 $ — $ 1,609,876 Resident fees and services — — 2,151,533 — 2,151,533 Office building and other services revenues — — 11,156 — 11,156 Income from loans and investments 2,812 — 86,389 — 89,201 Equity earnings in affiliates 362,143 — (2,469 ) (359,674 ) — Interest and other income 214 192 10,578 — 10,984 Total revenues 366,243 142,754 3,723,427 (359,674 ) 3,872,750 Expenses Interest (87,222 ) 323,860 215,024 — 451,662 Depreciation and amortization 5,686 5,410 1,034,524 — 1,045,620 Property-level operating expenses — 578 1,807,630 — 1,808,208 Office building services costs — — 2,319 — 2,319 General, administrative and professional fees 6,512 17,958 141,526 — 165,996 Loss on extinguishment of debt, net — 41,875 25 — 41,900 Merger-related expenses and deal costs 7,170 — 8,065 — 15,235 Other 2,077 2 (19,688 ) — (17,609 ) Total expenses (65,777 ) 389,683 3,189,425 — 3,513,331 Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 432,020 (246,929 ) 534,002 (359,674 ) 359,419 Loss from unconsolidated entities — — (2,454 ) — (2,454 ) Gain on real estate dispositions 930 88 25,004 — 26,022 Income tax benefit 66 — 56,244 — 56,310 Income (loss) from continuing operations 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income (loss) 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income attributable to noncontrolling interests — — 6,281 — 6,281 Net income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 606,515 $ (359,674 ) $ 433,016 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,407 $ 139,043 $ 1,373,357 $ — $ 1,513,807 Resident fees and services — — 2,069,477 — 2,069,477 Office building and other services revenues — — 13,416 — 13,416 Income from loans and investments 1,640 — 122,578 — 124,218 Equity earnings in affiliates 308,764 — (2,696 ) (306,068 ) — Interest and other income 23,802 19 1,071 — 24,892 Total revenues 335,613 139,062 3,577,203 (306,068 ) 3,745,810 Expenses Interest (98,411 ) 327,898 213,010 — 442,497 Depreciation and amortization 5,425 5,680 908,534 — 919,639 Property-level operating expenses — 283 1,689,597 — 1,689,880 Office building services costs — — 1,418 — 1,418 General, administrative and professional fees (2,866 ) 18,845 136,003 — 151,982 Loss on extinguishment of debt, net 355 55,910 1,989 — 58,254 Merger-related expenses and deal costs 25,880 — 4,667 — 30,547 Other 4,881 3 61,884 — 66,768 Total expenses (64,736 ) 408,619 3,017,102 — 3,360,985 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 400,349 (269,557 ) 560,101 (306,068 ) 384,825 Loss from unconsolidated entities — — (55,034 ) — (55,034 ) Gain on real estate dispositions 6,653 — 39,594 — 46,247 Income tax benefit 2,475 — 37,478 — 39,953 Income (loss) from continuing operations 409,477 (269,557 ) 582,139 (306,068 ) 415,991 Discontinued operations (10 ) — — — (10 ) Net income (loss) 409,467 (269,557 ) 582,139 (306,068 ) 415,981 Net income attributable to noncontrolling interests — — 6,514 — 6,514 Net income (loss) attributable to common stockholders $ 409,467 $ (269,557 ) $ 575,625 $ (306,068 ) $ 409,467 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,383 $ 178,165 $ 1,413,050 $ — $ 1,593,598 Resident fees and services — — 1,843,232 — 1,843,232 Office building and other services revenues — — 13,677 — 13,677 Income from loans and investments 1,236 — 116,372 — 117,608 Equity earnings in affiliates 1,260,665 — 5,086 (1,265,751 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 1,269,672 178,165 3,392,063 (1,265,751 ) 3,574,149 Expenses Interest (101,385 ) 319,632 229,949 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 330 1,482,742 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,040 16,976 116,474 — 135,490 Loss (gain) on extinguishment of de bt, net — 942 (188 ) — 754 Merger-related expenses and deal costs 9,796 — 739 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,819 ) 345,391 2,725,866 — 2,989,438 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 1,351,491 (167,226 ) 666,197 (1,265,751 ) 584,711 Loss from unconsolidated entities — — (561 ) — (561 ) Gain on real estate dispositions — 675,808 41,465 — 717,273 Income tax benefit 5,089 — 54,710 — 59,799 Income from continuing operations 1,356,580 508,582 761,811 (1,265,751 ) 1,361,222 Discontinued operations (110 ) — — — (110 ) Net income 1,356,470 508,582 761,811 (1,265,751 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income attributable to common stockholders $ 1,356,470 $ 508,582 $ 757,169 $ (1,265,751 ) $ 1,356,470 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 433,016 $ (246,841 ) $ 612,796 $ (359,674 ) $ 439,297 Other comprehensive loss: Foreign currency translation — — 5,729 — 5,729 Unrealized gain on available for sale securities — — 11,634 — 11,634 Derivative instruments — — (30,814 ) — (30,814 ) Total other comprehensive loss — — (13,451 ) — (13,451 ) Comprehensive income (loss) 433,016 (246,841 ) 599,345 (359,674 ) 425,846 Comprehensive income attributable to noncontrolling interests — — 7,649 — 7,649 Comprehensive income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 591,696 $ (359,674 ) $ 418,197 For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 409,467 $ (269,557 ) $ 582,139 $ (306,068 ) $ 415,981 Other comprehensive income: Foreign currency translation — — (9,436 ) — (9,436 ) Unrealized gain on available for sale securities — — 14,944 — 14,944 Derivative instruments — — 10,030 — 10,030 Total other comprehensive income — — 15,538 — 15,538 Comprehensive income (loss) 409,467 (269,557 ) 597,677 (306,068 ) 431,519 Comprehensive income attributable to noncontrolling interests — — 6,514 — 6,514 Comprehensive income (loss) attributable to common stock holders $ 409,467 $ (269,557 ) $ 591,163 $ (306,068 ) $ 425,005 For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income $ 1,356,470 $ 508,582 $ 761,811 $ (1,265,751 ) $ 1,361,112 Other comprehensive incom e: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on available for sale securities — — (437 ) — (437 ) Derivative instruments — — 2,239 — 2,239 Total other comprehensive income — — 22,414 — 22,414 Comprehensive income 1,356,470 508,582 784,225 (1,265,751 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income attributable to common stockholders $ 1,356,470 $ 508,582 $ 779,583 $ (1,265,751 ) $ 1,378,884 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 59,433 $ (179,258 ) $ 1,557,608 $ — $ 1,437,783 Cash flows from investing activities: Net investment in real estate property (235,807 ) — (722,318 ) — (958,125 ) Investment in loans receivable (21,799 ) — (1,236,388 ) — (1,258,187 ) Proceeds from real estate disposals 147,546 — 309 — 147,855 Proceeds from loans receivable 60 — 1,017,249 — 1,017,309 Development project expenditures (7,240 ) (790 ) (395,893 ) — (403,923 ) Capital expenditures — — (156,724 ) — (156,724 ) Distributions from unconsolidated entities — — 172 — 172 Investment in unconsolidated entities — — (3,855 ) — (3,855 ) Insurance proceeds for property damage claims — — 30,179 — 30,179 Net cash used in investing activities (117,240 ) (790 ) (1,467,269 ) — (1,585,299 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — (577,996 ) 8,105 — (569,891 ) Net change in borrowings under commercial paper program — 565,524 — — 565,524 Proceeds from debt — 1,793,154 1,220,037 — 3,013,191 Repayment of debt — (2,109,894 ) (514,022 ) — (2,623,916 ) Net change in intercompany debt 225,407 525,608 (751,015 ) — — Payment of deferred financing costs — (16,348 ) (5,055 ) — (21,403 ) Issuance of common stock, net 942,085 — — — 942,085 Cash distribution to common stockholders (1,157,720 ) — — — (1,157,720 ) Cash distribution to redeemable OP unitholders — — (9,218 ) — (9,218 ) Purchases of redeemable OP Units — — (2,203 ) — (2,203 ) Contributions from noncontrolling interests — — 6,282 — 6,282 Distributions to noncontrolling interests — — (9,717 ) — (9,717 ) Proceeds from stock option exercises 36,179 — — — 36,179 Other (8,502 ) — (17 ) — (8,519 ) Net cash provided by (used in) financing activities 37,449 180,048 (56,823 ) — 160,674 Net (decrease) increase in cash, cash equivalents and restricted cash (20,358 ) — 33,516 — 13,158 Effect of foreign currency translation 12,786 — (11,306 ) — 1,480 Cash, cash equivalents and restricted cash at beginning of period 10,681 128 120,655 — 131,464 Cash, cash equivalents and restricted cash at end of period $ 3,109 $ 128 $ 142,865 $ — $ 146,102 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 45,334 $ (194,283 ) $ 1,530,416 $ — $ 1,381,467 Cash flows from investing activities: Net investment in real estate property (265,907 ) — — — (265,907 ) Investment in loans receivable and other (4,307 ) — (225,227 ) — (229,534 ) Proceeds from real estate disposals 353,792 — — — 353,792 Proceeds from loans receivable 1,490 — 910,050 — 911,540 Development project expenditures — — (330,876 ) — (330,876 ) Capital expenditures — (1,199 ) (130,659 ) — (131,858 ) Distributions from unconsolidated entities — — 57,455 — 57,455 Investment in unconsolidated entities — — (47,007 ) — (47,007 ) Insurance proceeds for property damage claims — — 6,891 — 6,891 Net cash provided by (used in) investing activities 85,068 (1,199 ) 240,627 — 324,496 Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 326,620 (5,157 ) — 321,463 Proceeds from debt — 2,309,141 240,332 — 2,549,473 Repayment of debt — (2,954,654 ) (510,925 ) — (3,465,579 ) Net change in intercompany debt 1,468,811 530,236 (1,999,047 ) — — Purchase of noncontrolling interests (8,271 ) — 3,547 — (4,724 ) Payment of deferred financing costs — (15,861 ) (4,751 ) — (20,612 ) Cash distribution (to) from affiliates (490,214 ) — 490,214 — — Cash distribution to common stockholders (1,127,143 ) — — — (1,127,143 ) Cash distribution to redeemable OP unitholders — — (7,459 ) — (7,459 ) Cash issued for redemption of OP Units — — (1,370 ) — (1,370 ) Contributions from noncontrolling interests — — 1,883 — 1,883 Distributions to noncontrolling interests — — (11,574 ) — (11,574 ) Proceeds from stock option exercises 8,762 — — — 8,762 Other (5,057 ) — — — (5,057 ) Net cash (used in) provided by financing activities (153,112 ) 195,482 (1,804,307 ) — (1,761,937 ) Net decrease in cash, cash equivalents and restricted cash (22,710 ) — (33,264 ) — (55,974 ) Effect of foreign currency translation (13,554 ) — 12,739 — (815 ) Cash, cash equivalents and restricted cash at beginning of period 46,945 128 141,180 — 188,253 Cash, cash equivalents and restricted cash at end of period $ 10,681 $ 128 $ 120,655 $ — $ 131,464 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 149,923 $ (143,960 ) $ 1,422,789 $ — $ 1,428,752 Cash flows from investing activities: Net investment in real estate property (635,352 ) — (29,332 ) — (664,684 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 859,587 — 287 — 859,874 Proceeds from loans receivable 47 — 101,050 — 101,097 Development project expenditures — — (299,085 ) — (299,085 ) Capital expenditures — (726 ) (131,832 ) — (132,558 ) Distributions from unconsolidated entities — — 6,169 — 6,169 Investment in unconsolidated entities — — (61,220 ) — (61,220 ) Insurance proceeds for property damage claims — — 1,419 — 1,419 Net cash provided by (used in) investing activities 219,649 (726 ) (1,156,030 ) — (937,107 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 478,868 (94,085 ) — 384,783 Proceeds from debt — 793,904 317,745 — 1,111,649 Repayment of debt — (778,606 ) (590,478 ) — (1,369,084 ) Net change in intercompany debt 1,003,315 (917,917 ) (85,398 ) — — Purchase of noncontrolling interests (15,809 ) — — — (15,809 ) Payment of deferred financing costs — (20,450 ) (6,847 ) — (27,297 ) Issuance of common stock, net 73,596 — — — 73,596 Cash distribution (to) from affiliates (803,257 ) 587,511 215,746 — — Cash distribution to common stockholders (827,285 ) — — — (827,285 ) Cash distribution to redeemable OP unitholders — — — (5,677 ) — (5,677 ) Contributions from noncontrolling interests — — 4,402 — 4,402 Distributions to noncontrolling interests — — (11,187 ) — (11,187 ) Proceeds from stock option exercises 16,287 — — — 16,287 Other (5,705 ) — — — (5,705 ) Net cash (used in) provided by financing activities (558,858 ) 143,310 (255,779 ) — (671,327 ) Net (decrease) increase in cash, cash equivalents and restricted cash (189,286 ) (1,376 ) 10,980 — (179,682 ) Effect of foreign currency translation 28,442 — (27,861 ) — 581 Cash, cash equivalents and restricted cash at beginning of period 207,789 1,504 158,061 — 367,354 Cash, cash equivalents and restricted cash at end of period $ 46,945 $ 128 $ 141,180 $ — $ 188,253 |
Description of Business (Detail
Description of Business (Details) | Dec. 31, 2019propertytenant |
Real estate properties | |
Number of real estate properties | 1,200 |
Concentration risk, number of tenants | tenant | 3 |
Brookdale Senior Living | |
Real estate properties | |
Number of real estate properties | 122 |
Number of properties managed by large tenant excluded from property count for that tenant due to contract type | 2 |
Ardent | |
Real estate properties | |
Number of real estate properties | 11 |
Kindred | |
Real estate properties | |
Number of real estate properties | 32 |
Development Projects | |
Real estate properties | |
Number of real estate properties | 22 |
Development Projects | Unconsolidated Real Estate Entities | |
Real estate properties | |
Number of real estate properties | 4 |
Triple Net Leased Properties | |
Real estate properties | |
Number of real estate properties | 412 |
Seniors Housing Communities Managed by Independent Operators | |
Real estate properties | |
Number of real estate properties | 406 |
Schedule of VIEs (Details)
Schedule of VIEs (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Variable Interest Entity [Line Items] | ||
Assets | $ 24,692,208 | $ 22,584,555 |
Liabilities | 13,873,078 | 12,124,820 |
NHP/PMB L.P. | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure | ||
Variable Interest Entity [Line Items] | ||
Assets | 666,404 | 673,467 |
Liabilities | 244,934 | 238,147 |
Other Identified VIEs | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure | ||
Variable Interest Entity [Line Items] | ||
Assets | 4,075,821 | 2,076,715 |
Liabilities | 1,459,830 | 405,350 |
Tax Credit VIEs | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure | ||
Variable Interest Entity [Line Items] | ||
Assets | 845,229 | 797,077 |
Liabilities | $ 333,809 | $ 297,004 |
Redeemable OP Unitholder and No
Redeemable OP Unitholder and Noncontrolling Interests (Details) shares in Millions, $ in Millions | 12 Months Ended | |
Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($) | |
Redeemable OP Unitholder Interests [Line Items] | ||
Redeemable OP Unitholder interests | $ | $ 171.2 | $ 174.6 |
NHP/PMB L.P. | ||
Redeemable OP Unitholder Interests [Line Items] | ||
Unit conversion factor for common stock | 0.9051 | |
Capital Unit, Class A | Limited Partner | NHP/PMB L.P. | ||
Redeemable OP Unitholder Interests [Line Items] | ||
Limited partners' units outstanding | 3.3 | |
Percentage of ownership interest on total units outstanding | 31.00% | |
Capital Unit, Class B | General Partner | NHP/PMB L.P. | ||
Redeemable OP Unitholder Interests [Line Items] | ||
Percentage of ownership interest on total units outstanding | 69.00% | |
General partner's units outstanding | 7.3 |
Accounting for Historic and New
Accounting for Historic and New Markets Tax Credits (Details) | Dec. 31, 2019property |
Real Estate [Line Items] | |
Number of real estate properties | 1,200 |
Real Estate Properties That Qualify For Certain Tax Credits | |
Real Estate [Line Items] | |
Number of real estate properties | 10 |
Development Projects | Real Estate Properties That Qualify For Certain Tax Credits | |
Real Estate [Line Items] | |
Number of real estate properties | 1 |
Accounting for Real Estate Acqu
Accounting for Real Estate Acquisitions (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Building | |
Business Acquisition [Line Items] | |
Estimated remaining life (in years) | 35 years |
Deferred Financing Costs (Detai
Deferred Financing Costs (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | |||
Amortization of debt issuance costs | $ 20.2 | $ 18.1 | $ 18.9 |
Revenue Recognition (Details)
Revenue Recognition (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Revenue from Contract with Customer [Abstract] | ||
Straight-line rent receivables | $ 278,833 | |
Straight-line rent receivables, net | $ 250,023 | |
Allowance for straight-line rent receivable | $ 44,600 |
Gain on the Sale of Assets (Det
Gain on the Sale of Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative effect of new accounting principle in period of adoption | $ 638 | $ 30,643 | |
Retained Earnings | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative effect of new accounting principle in period of adoption | $ 801 | $ 30,643 | |
Retained Earnings | Accounting Standards Update 2017-15 | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Cumulative effect of new accounting principle in period of adoption | $ 31,200 |
Segments (Details)
Segments (Details) - segment | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | |||
Number of reportable segments | 3 | 3 | 3 |
Recently Issued or Adopted Acco
Recently Issued or Adopted Accounting Standards (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Operating lease assets | $ 385,225 | $ 0 | ||
Operating lease liabilities | $ 251,196 | 0 | ||
Cumulative effect of new accounting principle in period of adoption | 638 | $ 30,643 | ||
Retained Earnings | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Cumulative effect of new accounting principle in period of adoption | $ 801 | $ 30,643 | ||
Minimum | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Lessee, operating lease, discount rate | 6.15% | |||
Maximum | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Lessee, operating lease, discount rate | 7.60% | |||
Accounting Standards Update 2016-02 | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Operating lease assets | $ 361,700 | |||
Operating lease liabilities | 216,900 | |||
Accounting Standards Update 2016-02 | Retained Earnings | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Cumulative effect of new accounting principle in period of adoption | $ 600 |
Concentration of Credit Risk (D
Concentration of Credit Risk (Details) | 12 Months Ended | ||
Dec. 31, 2019provincestate | Dec. 31, 2018state | Dec. 31, 2017state | |
Customer Concentration Risk | |||
Concentration Risk [Line Items] | |||
Continuing revenues and NOI from properties located in California | 10.00% | 10.00% | 10.00% |
Customer Concentration Risk | CALIFORNIA | |||
Concentration Risk [Line Items] | |||
Number of states accounting for more than ten percent of revenues and net operating income | 1 | 1 | 1 |
Customer Concentration Risk | Total Gross Book Value of Properties | Hospitals, Medical Office Building and other | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 37.80% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Triple Net Leased Properties | Seniors Housing Communities | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 18.80% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Senior Living Operations | Seniors Housing Communities | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 43.40% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Atria | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 20.40% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Sunrise | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 10.30% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Brookdale Senior Living | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 7.70% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Ardent | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 4.70% | ||
Customer Concentration Risk | Total Gross Book Value of Properties | Kindred | |||
Concentration Risk [Line Items] | |||
Percentage of real estate investments based on gross book value (as a percent) | 1.00% | ||
Geographic Concentration Risk | |||
Concentration Risk [Line Items] | |||
Number of US states in which entity operates | 45 | ||
Geographic Concentration Risk | Canada | |||
Concentration Risk [Line Items] | |||
Number of Canadian provinces in which entity operates | province | 7 |
Concentration of Credit Risk -
Concentration of Credit Risk - Triple-Net Leased Properties (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||
Jul. 31, 2018USD ($) | Jun. 30, 2018USD ($) | Apr. 30, 2018USD ($)periodLease | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)property | |
Real estate properties | ||||||
Other noncash expense | $ (13,264) | $ (3,720) | $ (4,624) | |||
Brookdale Senior Living | ||||||
Real estate properties | ||||||
Other noncash expense | $ (21,300) | |||||
Master leases | Lease | 1 | |||||
Options to extend term of lease | period | 2 | |||||
Lease renewal term | 10 years | |||||
Proceeds from fees received | $ 2,500 | |||||
Brookdale Senior Living | Revenues | ||||||
Real estate properties | ||||||
Concentration risk | 4.70% | 4.30% | 4.70% | |||
Brookdale Senior Living | Net Operating Income | ||||||
Real estate properties | ||||||
Concentration risk | 8.70% | 7.60% | 8.00% | |||
Ardent | ||||||
Real estate properties | ||||||
Proceeds from fees received | $ 14,000 | |||||
Ardent | Revenues | ||||||
Real estate properties | ||||||
Concentration risk | 3.10% | 3.10% | 3.10% | |||
Ardent | Net Operating Income | ||||||
Real estate properties | ||||||
Concentration risk | 5.80% | 5.70% | 5.30% | |||
Kindred | ||||||
Real estate properties | ||||||
Proceeds from fees received | $ 12,300 | |||||
Kindred | Revenues | ||||||
Real estate properties | ||||||
Concentration risk | 3.30% | 3.50% | 4.60% | |||
Kindred | Net Operating Income | ||||||
Real estate properties | ||||||
Concentration risk | 6.30% | 6.40% | 7.90% | |||
2017 SNF disposition [Member] | Kindred | Skilled Nursing Facilities | ||||||
Real estate properties | ||||||
Number of real estate properties | property | 36 |
Concentration of Risk (Minimum
Concentration of Risk (Minimum Rents) (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Concentration Risk [Line Items] | |
2020 | $ 1,328,420 |
2021 | 1,266,518 |
2022 | 1,180,111 |
2023 | 1,096,135 |
2024 | 1,032,899 |
Thereafter | 4,148,397 |
Total | 10,052,480 |
Brookdale Senior Living | |
Concentration Risk [Line Items] | |
2020 | 184,141 |
2021 | 183,774 |
2022 | 183,398 |
2023 | 183,000 |
2024 | 182,600 |
Thereafter | 182,189 |
Total | 1,099,102 |
Ardent | |
Concentration Risk [Line Items] | |
2020 | 122,348 |
2021 | 122,348 |
2022 | 122,348 |
2023 | 122,348 |
2024 | 122,348 |
Thereafter | 1,292,096 |
Total | 1,903,836 |
Kindred | |
Concentration Risk [Line Items] | |
2020 | 130,790 |
2021 | 130,786 |
2022 | 130,790 |
2023 | 110,365 |
2024 | 100,153 |
Thereafter | 40,358 |
Total | 643,242 |
Other Lease Agreements | |
Concentration Risk [Line Items] | |
2020 | 891,141 |
2021 | 829,610 |
2022 | 743,575 |
2023 | 680,422 |
2024 | 627,798 |
Thereafter | 2,633,754 |
Total | $ 6,406,300 |
Concentration of Credit Risk _2
Concentration of Credit Risk - Senior Living Operations (Details) | Dec. 31, 2019property |
Concentration Risk [Line Items] | |
Number of real estate properties | 1,200 |
Consolidated Seniors Housing Communities | |
Concentration Risk [Line Items] | |
Number of real estate properties | 401 |
Atria and Sunrise | Consolidated Seniors Housing Communities | |
Concentration Risk [Line Items] | |
Number of real estate properties | 260 |
Acquisitions of Real Estate P_2
Acquisitions of Real Estate Property 2019 Acquisitions (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($)property | Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Business Acquisition [Line Items] | ||||
Number of real estate properties | 1,200 | |||
Payments to acquire real estate | $ | $ 958,125 | $ 265,907 | $ 664,684 | |
Development Projects | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 22 | |||
LGM Acquisition | Le Groupe Maurice | ||||
Business Acquisition [Line Items] | ||||
VIE ownership percentage | 87.00% | |||
Number of real estate properties | 34 | |||
Recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment | $ | $ 1,800,000 | |||
LGM Acquisition | Le Groupe Maurice | Development Projects | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 5 | |||
Other 2019 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Vacant land parcels acquired | 1 | |||
Payments to acquire real estate | $ | $ 237,000 | |||
Other 2019 Acquisitions | Office Operations | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 2 | |||
Other 2019 Acquisitions | Research and Innovation Center | Office Operations | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 1 | |||
Other 2019 Acquisitions | Medical Office Buildings | Office Operations | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 1 | |||
Other 2019 Acquisitions | Seniors Housing Communities | Senior Living Operations | ||||
Business Acquisition [Line Items] | ||||
Number of real estate properties | 2 |
2018 Acquisitions (Details)
2018 Acquisitions (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($) | |
Business Acquisition [Line Items] | |||
Number of real estate properties | 1,200 | ||
Payments to acquire real estate | $ | $ 958,125 | $ 265,907 | $ 664,684 |
2018 Acquisitions | |||
Business Acquisition [Line Items] | |||
Payments to acquire real estate | $ | $ 311,300 | ||
2018 Acquisitions | Office Operations | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 5 | ||
2018 Acquisitions | Office Operations | Medical Office Buildings | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 4 | ||
2018 Acquisitions | Office Operations | Research and Innovation Center | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 1 | ||
2018 Acquisitions | Senior Living Operations | Seniors Housing Communities | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 1 |
2017 Acquisitions (Details)
2017 Acquisitions (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)property | |
Business Acquisition [Line Items] | |||
Number of real estate properties | 1,200 | ||
Payments to acquire real estate | $ | $ 958,125 | $ 265,907 | $ 664,684 |
Triple Net Leased Properties | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 412 | ||
2017 Acquisitions | |||
Business Acquisition [Line Items] | |||
Payments to acquire real estate | $ | $ 691,300 | ||
2017 Acquisitions | Office Operations | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 4 | ||
2017 Acquisitions | Triple Net Leased Properties | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 15 | ||
Properties acquired previously owned by equity method investee | 6 | ||
2017 Acquisitions | Research and Innovation Center | Office Operations | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 3 | ||
2017 Acquisitions | Medical Office Buildings | Office Operations | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 1 | ||
2017 Acquisitions | Seniors Housing Communities | Senior Living Operations | |||
Business Acquisition [Line Items] | |||
Number of real estate properties | 3 |
Dispositions 2019 Dispositions
Dispositions 2019 Dispositions Activity (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)propertyparcel | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 1,200 | ||
Gain on real estate dispositions | $ | $ 26,022 | $ 46,247 | $ 717,273 |
Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 412 | ||
2019 Dispositions | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Vacant land parcels sold | parcel | 1 | ||
Proceeds from sale of real estate | $ | $ 147,500 | ||
Gain on real estate dispositions | $ | $ 26,000 | ||
2019 Dispositions | Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 10 | ||
2019 Dispositions | Medical Office Buildings | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 8 | ||
2019 Dispositions | Seniors Housing Communities | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 6 |
2018 Dispositions Activity (Det
2018 Dispositions Activity (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($)propertyparcel | Dec. 31, 2017USD ($) | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 1,200 | ||
Gain on real estate dispositions | $ | $ 26,022 | $ 46,247 | $ 717,273 |
Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 412 | ||
2018 Dispositions | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Vacant land parcels sold | parcel | 2 | ||
Proceeds from sale of real estate | $ | $ 348,600 | ||
Gain on real estate dispositions | $ | $ 46,200 | ||
2018 Dispositions | Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 5 | ||
2018 Dispositions | Medical Office Buildings | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 11 | ||
2018 Dispositions | Senior Living Operations | Seniors Housing Communities | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 7 |
2017 Dispositions Activity (Det
2017 Dispositions Activity (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)property | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 1,200 | ||
Gain on real estate dispositions | $ | $ 26,022 | $ 46,247 | $ 717,273 |
Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 412 | ||
Dispositions 2017 | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Proceeds from sale of real estate | $ | 870,800 | ||
Gain on real estate dispositions | $ | $ 717,300 | ||
Dispositions 2017 | Triple Net Leased Properties | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 53 | ||
Dispositions 2017 | Medical Office Buildings | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of real estate properties sold | 5 |
Assets Held For Sale and Impair
Assets Held For Sale and Impairment (Details) | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2018USD ($)property | Dec. 31, 2019USD ($)property | Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($) | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of real estate properties | property | 1,200 | |||
Assets held for sale | $ 91,433,000 | $ 5,454,000 | ||
Liabilities held for sale | 5,463,000 | 205,000 | ||
Real estate impairments | 0 | 52,510,000 | $ 4,616,000 | |
Depreciation and amortization | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Real estate impairments | 133,600,000 | 29,500,000 | 32,900,000 | |
Other Expense | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Real estate impairments | 0 | 52,500,000 | $ 4,600,000 | |
Medical Office Buildings | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Properties no longer classified as held for sale | property | 5 | |||
Depreciation | $ 5,700,000 | |||
Triple Net Leased Properties | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Assets held for sale | 62,098,000 | 5,482,000 | ||
Liabilities held for sale | 1,623,000 | 40,000 | ||
Office Operations | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Assets held for sale | 5,177,000 | 160,000 | ||
Liabilities held for sale | 499,000 | 152,000 | ||
Senior Living Operations | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Assets held for sale | 24,158,000 | (188,000) | ||
Liabilities held for sale | $ 3,341,000 | $ 13,000 | ||
Held for Sale | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of real estate properties | property | 15 | 1 | ||
Held for Sale | Triple Net Leased Properties | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of real estate properties | property | 8 | 1 | ||
Held for Sale | Office Operations | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of real estate properties | property | 1 | 0 | ||
Held for Sale | Senior Living Operations | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of real estate properties | property | 6 | 0 |
Loans Receivables and Investmen
Loans Receivables and Investments (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Loans Receivable And Investments [Abstract] | ||
Secured Loans, Unsecured Loans, And Other Available-For-Sale Securities | $ 1,005,696 | $ 756,475 |
Loans Receivables and Investm_2
Loans Receivables and Investments (Details) 2 - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Securities, Available-for-sale | $ 237,360 | $ 206,442 |
Available-for-sale securities, unrealized gain (loss) | 31,186 | 15,746 |
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Secured loans, unsecured loans, and other available-for-sale securities, amortized cost | 974,510 | 740,729 |
Secured loans, unsecured loans, and other available-for-sale securities, fair value | 1,006,889 | 742,191 |
Total loans receivable and investments, net | 1,005,696 | 756,475 |
Non-Mortgage Loan Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Non-mortgage loans receivable, amortized cost | 63,724 | 54,164 |
Non-mortgage loans receivable, fair value | 63,538 | 54,081 |
Non-mortgage loans receivable, net, unrealized gain | 0 | 0 |
Commercial Mortgage Backed Securities | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Securities, Held-to-maturity | 645,546 | 439,491 |
Debt Securities, Held-to-maturity, Fair Value | 646,925 | 425,290 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | 0 |
Government-sponsored pooled loan investments | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Securities, Available-for-sale | 59,066 | 56,378 |
Debt Securities, Available-for-sale, Amortized Cost | 52,178 | 49,601 |
Available-for-sale securities, unrealized gain (loss) | 6,888 | 6,777 |
Collateralized Mortgage Backed Securities | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Available-for-sale securities, unrealized gain (loss) | 6,888 | 6,777 |
Debt securities, available-for-sale and held-to-maturity, carrying amount | 704,612 | 495,869 |
Debt securities, available-for-sale and held-to-maturity, amortized cost | 697,724 | 489,092 |
Debt securities, Held-to-Maturity and Available-for-Sale, Fair Value | 705,991 | 481,668 |
Marketable Debt Securities | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Securities, Available-for-sale | 237,360 | 206,442 |
Debt Securities, Available-for-sale, Amortized Cost | 213,062 | 197,473 |
Available-for-sale securities, unrealized gain (loss) | $ 24,298 | $ 8,969 |
Loans Receivable and Investme_3
Loans Receivable and Investments 2019 Activity (Details) $ in Thousands, $ in Millions | 1 Months Ended | 12 Months Ended | |||||
Jun. 30, 2019USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Jul. 31, 2019USD ($) | Jul. 31, 2019CAD ($) | Apr. 30, 2019USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Proceeds from loans receivable | $ 1,017,309 | $ 911,540 | $ 101,097 | ||||
Gains (losses) on real estate loan investments | $ 0 | $ 13,202 | $ 124 | ||||
Senior Secured Notes Maturing 2024 | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Marketable securities | $ 5,000 | ||||||
Offering price, percentage of par | 102.00% | ||||||
Effective interest rate on investment | 8.10% | ||||||
Senior Secured Notes Maturing 2026 | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Marketable securities | $ 10,500 | ||||||
Offering price, percentage of par | 98.00% | ||||||
Effective interest rate on investment | 8.30% | ||||||
Financing Receivable | Colony Capital, Inc. subsidiaries | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Receivables term | 5 years | ||||||
receivables term extension option | 1 year | ||||||
Loans receivable | $ 490,000 | ||||||
Additional periods | 3 | ||||||
Loans Receivable | Colony Capital, Inc. subsidiaries | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Proceeds from loans receivable | $ 282,000 | ||||||
Gains (losses) on real estate loan investments | $ 500 | ||||||
Loans Receivable | Le Groupe Maurice | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable | $ 723,000 | $ 947 |
Loans Receivable and Investme_4
Loans Receivable and Investments 2018 Activity (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Jun. 30, 2018USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($)loan | Dec. 31, 2017USD ($) | Jun. 30, 2019USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Gains (losses) on real estate loan investments | $ 0 | $ 13,202 | $ 124 | ||
Income from loans and investments | $ 89,201 | 124,218 | $ 117,608 | ||
Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Ownership interests in properties accounted for under the equity method | 9.80% | ||||
Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from fees received | $ 14,000 | ||||
Recognition of deferred revenue | 13,200 | ||||
Full Repayments on Loans Receivable | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from collection of loans receivable | $ 862,900 | ||||
Number of Loans Repaid | loan | 14 | ||||
Weighted interest rate | 9.10% | ||||
Gains (losses) on real estate loan investments | $ 27,800 | ||||
Full Repayments on Loans Receivable | Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from collection of loans receivable | 713,000 | ||||
Revolving Credit Facility | Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Repayments of Lines of Credit | 13,000 | ||||
Loans Receivable | Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from collection of loans receivable | $ 700,000 | ||||
Ardent subsidiary | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Marketable securities | $ 200,000 | ||||
Offering price, percentage of par value | 98.60% | ||||
Effective interest rate on investment | 10.00% | ||||
Income from loans and investments | Ardent | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Income from loans and investments | $ 27,200 |
Investments in Unconsolidated_2
Investments in Unconsolidated Entities (Details) $ in Millions | 1 Months Ended | 12 Months Ended | |||
Jul. 31, 2018USD ($) | Mar. 31, 2018USD ($)joint_venture | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Equity method investments | |||||
Equity Method Investment, Other than Temporary Impairment | $ 35.7 | ||||
Real Estate Joint Ventures | |||||
Equity method investments | |||||
Ownership interests in properties accounted for under the equity method | 25.00% | ||||
Equity investments in an unconsolidated real estate venture with recognized impairment | joint_venture | 1 | ||||
Proceeds from sale of equity method investments | $ 57.5 | ||||
Management Service | |||||
Equity method investments | |||||
Management fees earned | $ 3.4 | $ 5.8 | $ 6.3 | ||
Atria | |||||
Equity method investments | |||||
Ownership interests in properties accounted for under the equity method | 34.00% | ||||
Eclipse Senior Living | |||||
Equity method investments | |||||
Ownership interests in properties accounted for under the equity method | 34.00% | ||||
Ardent | |||||
Equity method investments | |||||
Ownership interests in properties accounted for under the equity method | 9.80% |
Intangibles (Details)
Intangibles (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Intangible assets: | |||
Acquired lease intangibles | $ 1,306,152 | $ 1,502,955 | |
Goodwill | 1,051,161 | 1,050,548 | |
Accumulated amortization | (920,742) | (921,107) | |
Net intangible assets | $ 1,472,408 | $ 1,668,155 | |
Remaining weighted average amortization period in years | 10 years 2 months 12 days | 22 years 10 months 24 days | |
Intangible liabilities: | |||
Below market lease intangibles | $ 349,357 | $ 356,771 | |
Other lease intangibles | 13,498 | 31,418 | |
Accumulated amortization | (203,834) | (191,909) | |
Purchase option intangibles | 3,568 | 3,568 | |
Net intangible liabilities | $ 162,589 | $ 199,848 | |
Below market leases, remaining weighted average amortization period | 14 years 6 months | 14 years 4 months 24 days | |
Other lease intangibles, remaining weighted average amortization period | 46 years 6 months | ||
Net intangible liabilities, remaining weighted average amortization period | 14 years 6 months | 17 years 2 months 12 days | |
Intangibles | |||
Net amortization expense | $ 59,200 | $ 49,200 | $ 67,200 |
Estimated net amortization of the intangibles during 2020 | 53,988 | ||
Estimated net amortization of the intangibles during 2021 | 46,651 | ||
Estimated net amortization of the intangibles during 2022 | 39,315 | ||
Estimated net amortization of the intangibles during 2023 | 36,107 | ||
Estimated net amortization of the intangibles during 2024 | 28,622 | ||
Above Market Lease Intangibles | |||
Intangible assets: | |||
Acquired lease intangibles | $ 145,891 | $ 181,393 | |
Remaining weighted average amortization period in years | 6 years 10 months 24 days | 6 years 8 months 12 days | |
In-Place and Other Lease Intangibles | |||
Intangible assets: | |||
Acquired lease intangibles | $ 1,160,261 | $ 1,321,562 | |
Remaining weighted average amortization period in years | 10 years 7 months 6 days | 24 years 8 months 12 days | |
Other Intangibles | |||
Intangible assets: | |||
Other finite-lived intangible assets | $ 35,837 | $ 35,759 | |
Remaining weighted average amortization period in years | 10 years 10 months 24 days | 11 years 9 months 18 days |
Intangibles (Goodwill) (Details
Intangibles (Goodwill) (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Goodwill [Line Items] | |
Goodwill | $ 1,051,161 |
Triple Net Leased Properties | |
Goodwill [Line Items] | |
Goodwill | 321,781 |
Senior Living Operations | |
Goodwill [Line Items] | |
Goodwill | 259,482 |
Office Operations | |
Goodwill [Line Items] | |
Goodwill | $ 469,898 |
Other Assets (Details)
Other Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Straight-line rent receivables | $ 278,833 | |
Straight-line rent receivables | $ 250,023 | |
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Marketable debt securities | 237,360 | 206,442 |
Other intangible assets, net | 5,149 | 5,623 |
Investment in unconsolidated operating entities | 59,301 | 56,820 |
Other | 232,929 | 186,113 |
Total other assets | $ 877,296 | $ 759,185 |
Senior Notes and Other Debt (Su
Senior Notes and Other Debt (Summary of Senior Notes Payable and Other Debt) (Details) $ in Thousands, $ in Millions | Dec. 31, 2019USD ($) | Nov. 30, 2019CAD ($) | Sep. 30, 2019CAD ($) | Aug. 31, 2019USD ($) | Jul. 01, 2019USD ($) | Jun. 30, 2019USD ($) | Feb. 28, 2019USD ($) | Jan. 03, 2019 | Dec. 31, 2018USD ($) | Aug. 31, 2018USD ($) | Feb. 28, 2018USD ($) |
Debt Instrument [Line Items] | |||||||||||
Commercial paper | $ 567,450 | $ 0 | |||||||||
Long-term debt, gross | 12,245,802 | ||||||||||
Long-term debt and short-term borrowings, gross | 12,245,802 | 10,829,702 | |||||||||
Debt issuance costs, net | (79,939) | (69,615) | |||||||||
Debt instrument, unamortized discount | (27,146) | (25,225) | |||||||||
Debt, Long-term and Short-term, Combined Amount | 12,158,773 | 10,733,699 | |||||||||
Unamortized fair value adjustment | $ 20,056 | (1,163) | |||||||||
3.00% Senior Notes, Series A due 2019 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.00% | 3.00% | |||||||||
Senior notes | $ 0 | 293,319 | |||||||||
2.70% Senior Notes due 2020 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 2.70% | 2.70% | 2.70% | ||||||||
Senior notes | $ 0 | 500,000 | |||||||||
Floating Rate, Series F due 2021 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Senior notes | $ 231,018 | 0 | |||||||||
4.25% Senior Notes due 2022 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.25% | 4.25% | 4.25% | ||||||||
Senior notes | $ 0 | 600,000 | |||||||||
3.25% Senior Notes due 2022 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.25% | ||||||||||
Senior notes | 500,000 | ||||||||||
3.30% Senior Notes, Series C due 2022 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.30% | ||||||||||
Senior notes | $ 192,515 | 183,325 | |||||||||
Unsecured Term Loan Due 2023 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Unsecured debt | $ 200,000 | $ 300,000 | 300,000 | ||||||||
3.125% Senior Notes due 2023 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.125% | ||||||||||
Senior notes | $ 400,000 | 400,000 | |||||||||
3.10% Senior Notes due 2023 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.10% | ||||||||||
Senior notes | $ 400,000 | 400,000 | |||||||||
2.55% Senior Notes, Series D due 2023 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 2.55% | ||||||||||
Senior notes | $ 211,767 | 201,657 | |||||||||
Unsecured Term Loan Due 2024 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Unsecured debt | $ 0 | 600,000 | |||||||||
3.50% Senior Notes due 2024 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.50% | 3.50% | |||||||||
Senior notes | $ 400,000 | $ 400,000 | 0 | ||||||||
3.75% Senior Notes due 2024 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.75% | ||||||||||
Senior notes | $ 400,000 | 400,000 | |||||||||
4.125% Senior Notes, Series B due 2024 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.125% | ||||||||||
Senior notes | $ 192,515 | 183,324 | |||||||||
2.80% Senior Notes, Series E due 2024 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 2.80% | 2.80% | |||||||||
Senior notes | $ 462,036 | $ 600 | 0 | ||||||||
Unsecured Term Loan due 2025 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Unsecured debt | $ 385,030 | $ 500 | 0 | ||||||||
3.50% Senior Notes due 2025 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.50% | ||||||||||
Senior notes | $ 600,000 | 600,000 | |||||||||
2.65% Senior Notes due 2025 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 2.65% | 2.65% | |||||||||
Senior notes | $ 450,000 | $ 450,000 | 0 | ||||||||
4.125% Senior Notes due 2026 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.125% | ||||||||||
Senior notes | $ 500,000 | 500,000 | |||||||||
3.25% Senior Notes due 2026 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.25% | ||||||||||
Senior notes | $ 450,000 | 450,000 | |||||||||
3.85% Senior Notes due 2027 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.85% | ||||||||||
Senior notes | $ 400,000 | 400,000 | |||||||||
4.00% Senior Notes due 2028 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.00% | 4.00% | |||||||||
Senior notes | $ 650,000 | 650,000 | $ 650,000 | ||||||||
4.40% Senior Notes due 2029 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.40% | 4.40% | |||||||||
Senior notes | $ 750,000 | 750,000 | $ 750,000 | ||||||||
3.00% Senior Notes due 2030 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 3.00% | 3.00% | |||||||||
Senior notes | $ 650,000 | $ 650,000 | 0 | ||||||||
6.90% Senior Notes due 2037 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 6.90% | ||||||||||
Senior notes | $ 52,400 | 52,400 | |||||||||
6.59% Senior Notes due 2038 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 6.59% | ||||||||||
Senior notes | $ 22,823 | 22,823 | |||||||||
5.45% Senior Notes due 2043 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 5.45% | 5.45% | |||||||||
Senior notes | $ 0 | 258,750 | |||||||||
5.70% Senior Notes due 2043 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 5.70% | ||||||||||
Senior notes | $ 300,000 | 300,000 | |||||||||
4.375% Senior Notes due 2045 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.375% | ||||||||||
Senior notes | $ 300,000 | 300,000 | |||||||||
4.875% Senior Notes due 2049 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 4.875% | 4.875% | |||||||||
Senior notes | $ 300,000 | $ 300,000 | 0 | ||||||||
Mortgage loans and other | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term debt, gross | 1,996,969 | 1,127,697 | |||||||||
Revolving Credit Facility | Unsecured revolving credit facility | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility, amount outstanding | 120,787 | 765,919 | |||||||||
Revolving Credit Facility | Unsecured revolving credit facility | Borrowings originally denominated in CAD | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term debt, gross | 26,200 | 23,100 | |||||||||
Revolving Credit Facility | Unsecured revolving credit facility | Borrowings originally denominated in GBP | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term debt, gross | 27,600 | 27,800 | |||||||||
Revolving Credit Facility | Secured revolving construction credit facility due 2022 | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility, amount outstanding | $ 160,492 | $ 90,488 |
Senior Notes and Other Debt (Cr
Senior Notes and Other Debt (Credit Facilities and Unsecured Term Loans) (Details) $ in Billions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Sep. 30, 2019CAD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2019USD ($)period | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Jun. 30, 2018USD ($) | |
Debt Instrument [Line Items] | |||||||
Commercial paper program capacity | $ 1,000,000,000 | ||||||
Commercial paper | 567,450,000 | $ 0 | |||||
Gain (loss) on extinguishment of debt | $ (41,900,000) | (58,254,000) | $ (754,000) | ||||
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | |||||||
Debt Instrument [Line Items] | |||||||
Debt instrument, basis spread on variable rate | 0.875% | ||||||
Unsecured Revolving Credit Facility | Revolving Credit Facility | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, maximum borrowing capacity | $ 3,000,000,000 | ||||||
Additional periods | period | 2 | ||||||
Debt Instrument, Term, Additional Period | 6 months | ||||||
Accordion Feature | Revolving Credit Facility | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, maximum borrowing capacity | $ 3,750,000,000 | ||||||
Unsecured Term Loan Due 2023 | |||||||
Debt Instrument [Line Items] | |||||||
Accordion feature of debt | 800,000,000 | ||||||
Repayments of debt | $ 100,000,000 | ||||||
Unsecured debt | 300,000,000 | $ 300,000,000 | $ 200,000,000 | 300,000,000 | |||
Unsecured Term Loan Due 2023 | London Interbank Offered Rate (LIBOR) | |||||||
Debt Instrument [Line Items] | |||||||
Debt instrument, basis spread on variable rate | 0.90% | ||||||
Unsecured Term Loan Due 2024 | |||||||
Debt Instrument [Line Items] | |||||||
Repayments of debt | $ 600,000,000 | ||||||
Unsecured debt | $ 0 | 600,000,000 | |||||
Unsecured Term Loans Due 2023 and 2024 | |||||||
Debt Instrument [Line Items] | |||||||
Unsecured debt | $ 900,000,000 | ||||||
Gain (loss) on extinguishment of debt | $ (3,200,000) | ||||||
Unsecured Term Loan Due 2020 | |||||||
Debt Instrument [Line Items] | |||||||
Unsecured debt | $ 900,000,000 | ||||||
Unsecured revolving credit facility | Revolving Credit Facility | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, amount outstanding | 120,787,000 | 765,919,000 | |||||
Letters of credit outstanding | 24,000,000 | ||||||
Line of credit, remaining availability less commercial paper | 2,300,000,000 | ||||||
Secured revolving construction credit facility due 2022 | Revolving Credit Facility | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, maximum borrowing capacity | 400,000,000 | ||||||
Line of credit facility, amount outstanding | 160,492,000 | 90,488,000 | |||||
Unsecured Term Loan due 2025 | |||||||
Debt Instrument [Line Items] | |||||||
Unsecured debt | $ 0.5 | $ 385,030,000 | $ 0 | ||||
Unsecured Term Loan due 2025 | Canadian Dollar Offered Rate (CDOR) | |||||||
Debt Instrument [Line Items] | |||||||
Debt instrument, basis spread on variable rate | 0.90% |
Senior Notes and Other Debt (Se
Senior Notes and Other Debt (Senior Notes) (Details) $ in Thousands, $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||
Nov. 30, 2019CAD ($) | Sep. 30, 2019CAD ($) | Aug. 31, 2019USD ($) | Sep. 30, 2018USD ($) | Aug. 31, 2018USD ($) | Apr. 30, 2018USD ($) | Feb. 28, 2018USD ($) | Sep. 30, 2019USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2019CAD ($) | Jul. 01, 2019USD ($) | Feb. 28, 2019USD ($) | Jan. 31, 2019USD ($) | Jan. 03, 2019 | |
Debt Instrument [Line Items] | |||||||||||||||||
Loss on extinguishment of debt, net | $ 41,900 | $ 58,254 | $ 754 | ||||||||||||||
Senior Notes | Ventas Realty Limited Partnership | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | 7,500,000 | ||||||||||||||||
Senior Notes | Ventas Realty and Ventas Capital Corp [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | 500,000 | ||||||||||||||||
Senior Notes | Nationwide Health Properties, LLC | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | 75,200 | ||||||||||||||||
Senior Notes | Ventas Canada Finance Limited | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 1,700 | ||||||||||||||||
6.90% Senior Notes due 2037 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 52,400 | 52,400 | |||||||||||||||
Interest rate | 6.90% | 6.90% | |||||||||||||||
6.59% Senior Notes due 2038 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 22,823 | 22,823 | |||||||||||||||
Interest rate | 6.59% | 6.59% | |||||||||||||||
5.45% Senior Notes due 2043 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 0 | 258,750 | |||||||||||||||
Interest rate | 5.45% | 5.45% | 5.45% | ||||||||||||||
Debt instrument, repurchase amount | $ 258,800 | ||||||||||||||||
Loss on extinguishment of debt, net | $ 400 | 7,100 | |||||||||||||||
3.50% Senior Notes due 2024 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 400,000 | 0 | $ 400,000 | ||||||||||||||
Interest rate | 3.50% | 3.50% | 3.50% | ||||||||||||||
Public offering price as percent of par | 99.88% | ||||||||||||||||
4.875% Senior Notes due 2049 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 300,000 | 0 | $ 300,000 | ||||||||||||||
Interest rate | 4.875% | 4.875% | 4.875% | ||||||||||||||
Public offering price as percent of par | 99.77% | ||||||||||||||||
2.65% Senior Notes due 2025 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 450,000 | 0 | $ 450,000 | ||||||||||||||
Interest rate | 2.65% | 2.65% | 2.65% | ||||||||||||||
Public offering price as percent of par | 99.45% | ||||||||||||||||
2.70% Senior Notes due 2020 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 0 | 500,000 | |||||||||||||||
Interest rate | 2.70% | 2.70% | 2.70% | 2.70% | |||||||||||||
Debt instrument, repurchase amount | $ 102,900 | $ 397,100 | |||||||||||||||
Loss on extinguishment of debt, net | 2,400 | ||||||||||||||||
Public offering price as percent of par | 100.37% | ||||||||||||||||
3.00% Senior Notes due 2030 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 650,000 | $ 650,000 | 0 | ||||||||||||||
Interest rate | 3.00% | 3.00% | 3.00% | ||||||||||||||
Public offering price as percent of par | 99.51% | ||||||||||||||||
4.25% Senior Notes due 2022 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 0 | 600,000 | |||||||||||||||
Interest rate | 4.25% | 4.25% | 4.25% | 4.25% | |||||||||||||
Debt instrument, repurchase amount | $ 395,700 | $ 204,300 | |||||||||||||||
Loss on extinguishment of debt, net | $ 35,900 | ||||||||||||||||
Public offering price as percent of par | 105.46% | ||||||||||||||||
3.00% Senior Notes, Series A due 2019 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 0 | 293,319 | |||||||||||||||
Interest rate | 3.00% | 3.00% | 3.00% | ||||||||||||||
Repayments of debt | $ 400 | ||||||||||||||||
2.80% Senior Notes, Series E due 2024 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 600 | $ 462,036 | 0 | ||||||||||||||
Interest rate | 2.80% | 2.80% | 2.80% | ||||||||||||||
Public offering price as percent of par | 99.99% | ||||||||||||||||
Floating Rate, Series F due 2021 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 231,018 | 0 | |||||||||||||||
Public offering price as percent of par | 100.00% | ||||||||||||||||
Repayments of debt | $ 300 | ||||||||||||||||
2.00% Senior Notes, Due 2018 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 2.00% | ||||||||||||||||
Repayments of debt | $ 700,000 | ||||||||||||||||
4.00% Senior Notes due 2028 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 650,000 | $ 650,000 | 650,000 | ||||||||||||||
Interest rate | 4.00% | 4.00% | 4.00% | ||||||||||||||
Public offering price as percent of par | 99.23% | ||||||||||||||||
Four Percent, Senior Notes, Due 2019 [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 4.00% | 4.00% | |||||||||||||||
Debt instrument, repurchase amount | $ 502,100 | ||||||||||||||||
Loss on extinguishment of debt, net | $ 1,800 | $ 11,000 | |||||||||||||||
Public offering price as percent of par | 101.83% | ||||||||||||||||
Repayments of debt | $ 97,900 | ||||||||||||||||
4.40% Senior Notes due 2029 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Senior notes | $ 750,000 | $ 750,000 | $ 750,000 | ||||||||||||||
Interest rate | 4.40% | 4.40% | 4.40% | ||||||||||||||
Public offering price as percent of par | 99.95% | ||||||||||||||||
4.750% Senior Notes, due 2021 | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 4.75% | 4.75% | |||||||||||||||
Debt instrument, repurchase amount | $ 549,500 | ||||||||||||||||
Loss on extinguishment of debt, net | $ 7,600 | $ 28,300 | |||||||||||||||
Public offering price as percent of par | 104.56% | ||||||||||||||||
Repayments of debt | $ 150,500 |
Senior Notes and Other Debt (Mo
Senior Notes and Other Debt (Mortgages) (Details) $ in Thousands, $ in Millions | 12 Months Ended | ||
Dec. 31, 2019USD ($)propertyloan | Dec. 31, 2018USD ($) | Sep. 30, 2019CAD ($) | |
Debt Instrument [Line Items] | |||
Number of mortgage loans outstanding | loan | 89 | ||
Weighted average maturity period of mortgage loans | 4 years 2 months 12 days | ||
Unamortized fair value adjustment | $ 20,056 | $ (1,163) | |
Mortgage Loans and Other | |||
Debt Instrument [Line Items] | |||
Outstanding mortgage loans | $ 2,000,000 | ||
Number of properties securing debt | property | 84 | ||
Number of mortgage loans with fixed interest rate | loan | 67 | ||
Number of mortgage loans with variable interest rate | loan | 22 | ||
Repayments of debt | $ 97,700 | $ 485,700 | |
Mortgage Loans and Other | Fixed Rate Debt | |||
Debt Instrument [Line Items] | |||
Outstanding mortgage loans | $ 1,300,000 | ||
Weighted interest rate | 3.70% | ||
Mortgage Loans and Other | Variable Rate Debt | |||
Debt Instrument [Line Items] | |||
Mortgage loans outstanding with variable interest rate | $ 671,100 | ||
Weighted interest rate | 3.40% | ||
Mortgage Loans and Other | Minimum | |||
Debt Instrument [Line Items] | |||
Mortgage loans, fixed rate percentage | 2.00% | ||
Mortgage loans with variable interest rate, rates | 1.20% | ||
Mortgage Loans and Other | Maximum | |||
Debt Instrument [Line Items] | |||
Mortgage loans, fixed rate percentage | 13.00% | ||
Mortgage loans with variable interest rate, rates | 4.40% | ||
Le Groupe Maurice | Mortgage Loans and Other | |||
Debt Instrument [Line Items] | |||
Outstanding mortgage loans | $ 1,200 | ||
Unamortized fair value adjustment | $ 16.6 |
Senior Notes and Other Debt (Sc
Senior Notes and Other Debt (Scheduled Maturities) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations | ||
2020 | $ 884,394 | |
2021 | 520,787 | |
2022 | 1,302,824 | |
2023 | 1,621,513 | |
2024 | 1,585,025 | |
Thereafter | 6,331,259 | |
Total maturities | 12,245,802 | |
Line of Credit Facility and Commercial Paper Program amount outstanding | 581,900 | |
Unrestricted cash and cash equivalents | $ 106,363 | $ 72,277 |
Minimum percentage of total unencumbered assets as a percentage of unsecured debt required to be maintained (as a percent) | 150.00% | |
Unsecured Revolving Credit Facility and Commercial Paper | ||
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations | ||
2020 | $ 567,450 | |
2021 | 120,787 | |
2022 | 0 | |
2023 | 0 | |
2024 | 0 | |
Thereafter | 0 | |
Total maturities | 688,237 | |
Principal Amount Due at Maturity | ||
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations | ||
2020 | 276,653 | |
2021 | 361,046 | |
2022 | 1,269,661 | |
2023 | 1,602,104 | |
2024 | 1,571,967 | |
Thereafter | 6,243,430 | |
Total maturities | 11,324,861 | |
Scheduled Periodic Amortization | ||
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations | ||
2020 | 40,291 | |
2021 | 38,954 | |
2022 | 33,163 | |
2023 | 19,409 | |
2024 | 13,058 | |
Thereafter | 87,829 | |
Total maturities | $ 232,704 |
Senior Notes and Other Debt (De
Senior Notes and Other Debt (Derivatives and Hedging (Details) - Dec. 31, 2019 - Swap $ in Millions, $ in Millions | USD ($) | CAD ($) |
Variable Rate Debt | ||
Derivative [Line Items] | ||
Variable rate debt amount | $ 2,000 | |
Derivative, Notional Amount | 147.8 | |
Fixed Rate Debt | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 505.1 | $ 119.8 |
Long-term Debt, Percentage Bearing Fixed Interest, Amount | $ 10,300 |
Fair Values of Financial Inst_3
Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Assets: | ||
Cash and cash equivalents | $ 106,363 | $ 72,277 |
Escrow deposits and restricted cash | 39,739 | 59,187 |
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Debt Securities, Available-for-sale | 237,360 | 206,442 |
Liabilities: | ||
Long-term debt and short-term borrowings, gross | 12,245,802 | 10,829,702 |
Redeemable OP Units, fair value | 171,200 | 174,600 |
Non-Mortgage Loan Receivable | ||
Assets: | ||
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Non-mortgage loans receivable, fair value | 63,538 | 54,081 |
Commercial Mortgage Backed Securities | ||
Assets: | ||
Debt Securities, Held-to-maturity | 645,546 | 439,491 |
Debt Securities, Held-to-maturity, Fair Value | 646,925 | 425,290 |
Government-Sponsored Pooled Loan Investments | ||
Assets: | ||
Debt Securities, Available-for-sale | 59,066 | 56,378 |
Carrying Amount | ||
Assets: | ||
Cash and cash equivalents | 106,363 | 72,277 |
Escrow deposits and restricted cash | 39,739 | 59,187 |
Derivative asset | 738 | 6,012 |
Liabilities: | ||
Long-term debt and short-term borrowings, gross | 12,245,802 | 10,829,702 |
Derivative Liability | 12,987 | 4,561 |
Redeemable OP Units, carrying amount | 171,178 | 174,552 |
Carrying Amount | Non-Mortgage Loan Receivable | ||
Assets: | ||
Non-mortgage loans receivable, net | 63,724 | 54,164 |
Carrying Amount | Commercial Mortgage Backed Securities | ||
Assets: | ||
Debt Securities, Held-to-maturity | 645,546 | 439,491 |
Carrying Amount | Debt Securities | ||
Assets: | ||
Debt Securities, Available-for-sale | 237,360 | 206,442 |
Carrying Amount | Government-Sponsored Pooled Loan Investments | ||
Assets: | ||
Debt Securities, Available-for-sale | 59,066 | 56,378 |
Fair Value | ||
Assets: | ||
Cash and cash equivalents, fair value | 106,363 | 72,277 |
Escrow deposits and restricted cash | 39,739 | 59,187 |
Derivative asset | 738 | 6,012 |
Liabilities: | ||
Long-term debt and short-term borrowings, fair value | 12,778,758 | 10,617,074 |
Derivative Liability | 12,987 | 4,561 |
Redeemable OP Units, fair value | 171,178 | 174,552 |
Fair Value | Non-Mortgage Loan Receivable | ||
Assets: | ||
Non-mortgage loans receivable, fair value | 63,538 | 54,081 |
Fair Value | Commercial Mortgage Backed Securities | ||
Assets: | ||
Debt Securities, Held-to-maturity, Fair Value | 646,925 | 425,290 |
Fair Value | Debt Securities | ||
Assets: | ||
Debt Securities, Available-for-sale | 237,360 | 206,442 |
Fair Value | Government-Sponsored Pooled Loan Investments | ||
Assets: | ||
Debt Securities, Available-for-sale | $ 59,066 | $ 56,378 |
Stock-Based Compensation (Detai
Stock-Based Compensation (Details) | 12 Months Ended | ||
Dec. 31, 2019USD ($)plan$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of share-based compensation plans covering employees, officers and directors | plan | 4 | ||
Expiration period of stock options (in years) | 10 years | ||
Stock Option, Intrinsic Value | |||
Proceeds from stock option exercises | $ | $ 36,179,000 | $ 8,762,000 | $ 16,287,000 |
Employee Benefit Plan | |||
Maximum 401(K) plan contribution by employer as a percent of employee's salary | 3.50% | ||
Aggregate employer 401(K) plan contribution during the period | $ | $ 1,500,000 | $ 1,500,000 | 1,400,000 |
Employee Stock | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of shares available for future issuance | 2,900,000 | ||
Number of shares authorized for issuance | 3,000,000 | ||
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Number of shares purchased | 100,000 | ||
Employee Stock | Employee | |||
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Discount related to the Employee Stock Purchase Plan | 90.00% | ||
Employee Stock | Director | |||
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Discount related to the Employee Stock Purchase Plan | 95.00% | ||
Stock Options | |||
Stock Option, Shares | |||
Outstanding at the beginning of the period (in shares) | 4,783,000 | ||
Granted (in shares) | 0 | ||
Options exercised (in shares) | (700,000) | ||
Options forfeited (in shares) | (6,000) | ||
Options exercised (in shares) | 0 | ||
Outstanding at the end of the period (in shares) | 4,077,000 | 4,783,000 | |
Exercisable at the end of the period (in shares) | 4,014,000 | ||
Stock Option, Weighted Average Exercise Price | |||
Outstanding at the beginning of the period (in dollars per share) | $ / shares | $ 59.20 | ||
Options granted (in dollars per share) | $ / shares | 0 | ||
Options exercised (in dollars per share) | $ / shares | 0 | ||
Options exercised (in dollars per share) | $ / shares | 51.68 | ||
Options forfeited (in dollars per share) | $ / shares | 60.50 | ||
Outstanding at the end of the period (in dollars per share) | $ / shares | 60.49 | $ 59.20 | |
Exercisable at the end of the period (in dollars per share) | $ / shares | $ 60.49 | ||
Stock Option, Weighted Average Remaining Contractual Life (years) | |||
Outstanding at the end of the period (in years) | 5 years 8 months 12 days | ||
Exercisable at the end of the period (in years) | 5 years 8 months 12 days | ||
Stock Option, Intrinsic Value | |||
Outstanding at the end of the period | $ | $ 7,379,000 | ||
Exercisable at the end of the period | $ | 7,415,000 | ||
Proceeds from stock option exercises | $ | 36,100,000 | $ 8,800,000 | 16,300,000 |
Intrinsic value for options exercised | $ | 12,300,000 | 3,100,000 | 7,000,000 |
Deferred income tax expense (benefit) | $ | 0 | ||
Stock Options | General, administrative and professional fees | |||
Stock Option, Intrinsic Value | |||
Compensation cost | $ | 300,000 | 2,600,000 | 4,800,000 |
Restricted Stock or Restricted Stock Units | |||
Stock Option, Intrinsic Value | |||
Unrecognized compensation cost related to nonvested awards | $ | $ 15,100,000 | ||
Weighted average period over which cost is recognized (in years) | 1 year 7 months 28 days | ||
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Intrinsic value for options vested during period | $ | $ 31,600,000 | 15,500,000 | 16,600,000 |
Restricted Stock or Restricted Stock Units | General, administrative and professional fees | |||
Stock Option, Intrinsic Value | |||
Compensation cost | $ | $ 33,600,000 | $ 27,300,000 | $ 21,700,000 |
Restricted Stock | |||
Nonvested Restricted Stock and Restricted Stock Units, Shares | |||
Nonvested at the beginning of the period (in shares) | 276,000 | ||
Granted (in shares) | 143,000 | ||
Vested (in shares) | (149,000) | ||
Forfeited (in shares) | (22,000) | ||
Nonvested at the end of the period (in shares) | 248,000 | 276,000 | |
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Nonvested at the beginning of the period (in dollars per share) | $ / shares | $ 53.64 | ||
Granted (in dollars per share) | $ / shares | 62.69 | ||
Vested (in dollars per share) | $ / shares | 54.20 | ||
Forfeited (in dollars per share) | $ / shares | 57.24 | ||
Nonvested at the end of the period (in dollars per share) | $ / shares | $ 58.21 | $ 53.64 | |
Restricted Stock Units | |||
Nonvested Restricted Stock and Restricted Stock Units, Shares | |||
Nonvested at the beginning of the period (in shares) | 628,000 | ||
Granted (in shares) | 304,000 | ||
Vested (in shares) | (371,000) | ||
Forfeited (in shares) | (22,000) | ||
Nonvested at the end of the period (in shares) | 539,000 | 628,000 | |
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value | |||
Nonvested at the beginning of the period (in dollars per share) | $ / shares | $ 57.70 | ||
Granted (in dollars per share) | $ / shares | 59.85 | ||
Vested (in dollars per share) | $ / shares | 60.73 | ||
Forfeited (in dollars per share) | $ / shares | 53.69 | ||
Nonvested at the end of the period (in dollars per share) | $ / shares | $ 56.99 | $ 57.70 | |
Minimum | Restricted Stock or Restricted Stock Units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period (in years) | 2 years | ||
Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period (in years) | 3 years | ||
Maximum | Restricted Stock or Restricted Stock Units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period (in years) | 5 years | ||
2006 Plans | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of shares available for future issuance | 0 | ||
2012 Incentive Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of shares available for future issuance | 3,000,000 | ||
Number of shares authorized for issuance | 10,500,000 | ||
Executive Deferred Stock Compensation Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of share-based compensation plans for executive officers | plan | 1 | ||
Number of shares available for future issuance | 600,000 | ||
Number of shares authorized for issuance | 600,000 | ||
Nonemployee Directors' Deferred Stock Compensation Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of share-based compensation plans for directors | plan | 1 | ||
Number of shares available for future issuance | 400,000 | ||
Number of shares authorized for issuance | 600,000 |
Income Taxes (Tax Treatment of
Income Taxes (Tax Treatment of Distributions and Consolidated Benefit for Income Taxes) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Tax treatment of distributions: | |||||||||||
Ordinary income (in dollars per share) | $ 0 | $ 0 | $ 1.02814 | ||||||||
Qualified ordinary income (in dollars per share) | 0.12230 | 0.00375 | 0.00337 | ||||||||
199A qualified business income | 2.22898 | 2.97465 | 0 | ||||||||
Long-term capital gain (in dollars per share) | 0 | 0.05916 | 1.07836 | ||||||||
Unrecaptured Section 1250 gain (in dollars per share) | 0.03434 | 0.12244 | 0.21513 | ||||||||
Tax treatment of non-dividend distributions | 0.78438 | 0 | 0 | ||||||||
Distribution reported for 1099-DIV purposes (in dollars per share) | 3.17000 | 3.16000 | 2.32500 | ||||||||
Common Stock, Dividends, Per Share, Declared, Taxable in Following Year | $ 0.79250 | 0.79250 | 0.79000 | ||||||||
Less: Dividend declared in prior year and taxable in current year | (0.79250) | (0.79000) | 0 | ||||||||
Dividends declared per common share (in dollars per share) | $ (0.7925) | $ (0.7925) | $ (0.7925) | $ (0.7925) | $ (0.79) | $ (0.79) | $ (0.79) | $ (3.17000) | $ (3.16250) | $ (3.11500) | |
Provision (benefit) for income taxes | |||||||||||
Current - Federal | $ (1,840) | $ (2,953) | $ (5,672) | ||||||||
Current - State | 2,118 | 1,332 | 1,119 | ||||||||
Deferred - Federal | (49,532) | (32,492) | (54,396) | ||||||||
Deferred - State | (3,353) | (825) | 3,237 | ||||||||
Current - Foreign | 2,335 | 1,892 | 2,307 | ||||||||
Deferred - Foreign | (6,038) | (6,907) | (6,394) | ||||||||
Income tax benefit | $ (56,310) | $ (39,953) | $ (59,799) |
Income Taxes (Reconciliation of
Income Taxes (Reconciliation of Income Taxes) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of income tax expense computed by applying federal corporate tax rate | |||
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes | $ 77,803 | $ 80,811 | $ 204,742 |
State income taxes, net of federal benefit | 2,341 | (253) | (1,115) |
Change in valuation allowance from ordinary operations | (47,227) | (5,451) | 8,237 |
Decrease in ASC 740 income tax liability | 0 | (4,347) | (4,750) |
Tax at statutory rate on earnings not subject to federal income taxes | (90,862) | (89,947) | (231,379) |
Foreign rate differential and foreign taxes | 1,407 | 1,924 | 6,407 |
Change in tax status of TRS | (52) | 359 | (690) |
Effect of the 2017 Tax Act | 0 | (23,160) | (41,212) |
Other differences | 280 | 111 | (39) |
Income tax benefit | $ (56,310) | $ (39,953) | $ (59,799) |
Income Taxes (Tax Effects of Te
Income Taxes (Tax Effects of Temporary Differences and Carryforwards Included in Net Deferred Tax Liabilities) (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Income Tax Examination [Line Items] | |||
Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs | $ (257,373) | $ (269,758) | $ (300,395) |
Operating loss and interest deduction carryforwards | 136,771 | 133,243 | 146,732 |
Expense accruals and other | 7,380 | 11,910 | 12,890 |
Valuation allowance | (40,114) | (80,614) | (109,319) |
Deferred tax assets, net | 0 | (922) | 14,752 |
Deferred Tax Liabilities, Net | 153,336 | 205,219 | 250,092 |
Research and Innovation Center | |||
Income Tax Examination [Line Items] | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets | 0 | 0 | 19,262 |
Other Segments [Member] | |||
Income Tax Examination [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $ 0 | $ 922 | $ 4,510 |
Income Taxes (Unrecognized Tax
Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Summary of activities related to unrecognized tax benefits | ||||
Balance at the beginning of the period | $ 12,344,000 | $ 16,765,000 | ||
Additions to tax positions related to prior years | 178,000 | 207,000 | ||
Subtractions to tax positions related to prior years | (395,000) | (1,720,000) | ||
Subtractions to tax positions as a result of the lapse of the statute of limitations | 0 | (2,908,000) | ||
Balance at the end of the period | 12,127,000 | 12,344,000 | ||
Unrecognized tax benefits that, if recognized, would reduce annual effective tax rate | 10,700,000 | $ 10,600,000 | ||
Unrecognized tax benefits, interest accrued | 0 | $ 0 | $ 0 | |
Unrecognized tax benefits, penalties accrued | 0 | $ 0 | $ 0 | |
Expected decrease in unrecognized tax benefits during next fiscal year | $ 0 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Loss Carryforwards [Line Items] | |||
REIT distribution requirement (as a percent) | 90.00% | 90.00% | 90.00% |
Tax Cuts and Jobs Act of 2017, income tax expense (Benefit) | $ (64,500,000) | ||
Increase (decrease) in net deferred tax liability | $ (51,900,000) | $ (44,800,000) | (66,500,000) |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (57,700,000) | ||
Period in which assets disposition subject to built in gains tax | 5 years | ||
Net operating loss carryforward related to TRS entities | $ 858,600,000 | 910,700,000 | 973,400,000 |
Difference in bases for entity not subject to income taxes | 3,500,000,000 | 3,800,000,000 | |
Unrecognized tax benefits, income tax penalties and interest accrued | 0 | ||
Taxable Reit Subsidiaries | |||
Operating Loss Carryforwards [Line Items] | |||
Operating loss carryforwards, valuation allowance | 21,200,000 | 55,100,000 | 67,100,000 |
Tax credit carryforward | 12,600,000 | ||
Net Operating Losses more likely than not to be realized [Member] | |||
Operating Loss Carryforwards [Line Items] | |||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (57,700,000) | ||
Interest Expense Limitation due to Tax Cuts and Jobs Act of 2017 | |||
Operating Loss Carryforwards [Line Items] | |||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (23,200,000) | $ 23,300,000 |
Income Taxes Subsequent Event (
Income Taxes Subsequent Event (Details) $ in Millions | Mar. 31, 2020USD ($) |
Subsequent Event | |
Subsequent Event [Line Items] | |
Deferred tax assets, deferred income | $ 152 |
Commitments and Contingencies_2
Commitments and Contingencies (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Other Commitments [Line Items] | ||
Operating lease, weighted average discount rate, percent | 7.25% | |
Operating lease, weighted average remaining lease term | 41 years 9 months 18 days | |
Operating lease, payments | $ 25,800 | $ 26,700 |
Future minimum lease obligations under non-cancelable operating and ground leases | ||
2020 | 24,395 | |
2021 | 56,948 | |
2022 | 28,023 | |
2023 | 19,322 | |
2024 | 18,398 | |
Thereafter | 644,996 | |
Total undiscounted minimum lease payments | 792,082 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | (540,886) | |
Operating lease liabilities | 251,196 | 0 |
General, administrative and professional fees | ||
Other Commitments [Line Items] | ||
Operating leases, rent expense | $ 32,600 | $ 32,300 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Numerator for basic and diluted earnings per share: | |||||||||||
Income from continuing operations | $ 12,893 | $ 86,918 | $ 211,898 | $ 127,588 | $ 63,302 | $ 103,281 | $ 169,300 | $ 80,108 | $ 439,297 | $ 415,991 | $ 1,361,222 |
Discontinued operations | 0 | 0 | 0 | (10) | 0 | (10) | (110) | ||||
Net income | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,098 | 439,297 | 415,981 | 1,361,112 |
Net income attributable to noncontrolling interests | 1,450 | 1,659 | 1,369 | 1,803 | 1,029 | 1,309 | 2,781 | 1,395 | 6,281 | 6,514 | 4,642 |
Net income attributable to common stockholders | $ 11,443 | $ 85,259 | $ 210,529 | $ 125,785 | $ 62,273 | $ 101,972 | $ 166,519 | $ 78,703 | $ 433,016 | $ 409,467 | $ 1,356,470 |
Denominator for basic earnings per share—weighted average shares | |||||||||||
Denominator for basic earnings per share - weighted average shares (in shares) | 365,977 | 356,265 | 355,326 | ||||||||
Stock options | 391 | 174 | 494 | ||||||||
Restricted stock awards | 527 | 331 | 265 | ||||||||
OP unitholder interests | 2,991 | 2,531 | 2,481 | ||||||||
Denominator for diluted earnings per share - adjusted weighted average shares (in shares) | 369,886 | 359,301 | 358,566 | ||||||||
Basic earnings per share: | |||||||||||
Income from continuing operations (USD per share) | $ 0.03 | $ 0.23 | $ 0.59 | $ 0.36 | $ 0.18 | $ 0.29 | $ 0.48 | $ 0.22 | $ 1.20 | $ 1.17 | $ 3.83 |
Net income attributable to common stockholders (USD per share) | 0.03 | 0.23 | 0.58 | 0.35 | 0.17 | 0.29 | 0.47 | 0.22 | 1.18 | 1.15 | 3.82 |
Diluted earnings per share: | |||||||||||
Income from continuing operations (USD per share) | 0.03 | 0.23 | 0.58 | 0.35 | 0.18 | 0.29 | 0.47 | 0.22 | 1.19 | 1.16 | 3.80 |
Net income attributable to common stockholders (USD per share) | $ 0.03 | $ 0.23 | $ 0.58 | $ 0.35 | $ 0.17 | $ 0.28 | $ 0.46 | $ 0.22 | $ 1.17 | $ 1.14 | $ 3.78 |
Anti-dilutive options outstanding (in shares) | 1,100 | 3,500 | 3,000 |
Permanent and Temporary Equit_2
Permanent and Temporary Equity (Details) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | 12 Months Ended | ||
Jun. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Equity offering [Line Items] | ||||
Common Stock outstanding percentage of beneficial ownership acquired threshold for excess shares | 9.00% | |||
Preferred stock outstanding percentage of beneficial ownership acquired threshold for excess shares | 9.90% | |||
Maximum Deferral Payment Period of Purchase Price for Excess Shares | 5 years | |||
number of excess shares held by trustee | 0 | |||
At-the-market equity offering program | ||||
Equity offering [Line Items] | ||||
Equity offering program, authorized offering amount | $ 1,000 | |||
Stock issued during period, shares, new issues | 2,700,000 | 0 | 1,100,000 | |
Shares issued, price per share | $ 66.75 | |||
Equity offering program, remaining authorized offering amount | $ 822.1 | |||
June 2019 Registered Public Offering | ||||
Equity offering [Line Items] | ||||
Stock issued during period, shares, new issues | 12,700,000 | |||
Shares issued, price per share | $ 62.75 |
Permanent and Temporary Equit_3
Permanent and Temporary Equity Permanent and Temporary Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Equity [Abstract] | ||
Foreign currency translation | $ (51,743) | $ (55,016) |
Available for sale securities | 27,380 | 15,746 |
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | (10,201) | 19,688 |
Accumulated other comprehensive loss | $ (34,564) | $ (19,582) |
Permanent and Temporary Equit_4
Permanent and Temporary Equity (Redeemable OP Unitholder and Noncontrolling Interest) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Increase (Decrease) in Temporary Equity [Roll Forward] | |
December 31, 2018 | $ 188,141 |
New issuances | 81,181 |
Change in valuation | 15,119 |
Distributions and other | (9,298) |
Redemptions | (1,465) |
December 31, 2019 | 273,678 |
Non- controlling Interests | |
Increase (Decrease) in Temporary Equity [Roll Forward] | |
December 31, 2018 | 13,589 |
New issuances | 81,181 |
Change in valuation | 7,730 |
Distributions and other | 0 |
Redemptions | 0 |
December 31, 2019 | 102,500 |
General Partner | |
Increase (Decrease) in Temporary Equity [Roll Forward] | |
December 31, 2018 | 174,552 |
New issuances | 0 |
Change in valuation | 7,389 |
Distributions and other | (9,298) |
Redemptions | (1,465) |
December 31, 2019 | $ 171,178 |
Related Party Transactions (Det
Related Party Transactions (Details) | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2018USD ($)property | Dec. 31, 2019USD ($)propertyboard_member | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Related party transaction | ||||
Number of real estate properties | property | 1,200 | |||
Atria | ||||
Related party transaction | ||||
Ownership interests in properties accounted for under the equity method | 34.00% | |||
Number of board members appointed | board_member | 2 | |||
Number of board members | board_member | 6 | |||
Ardent | ||||
Related party transaction | ||||
Ownership interests in properties accounted for under the equity method | 9.80% | |||
Number of board members appointed | board_member | 1 | |||
Number of board members | board_member | 11 | |||
Elmcroft Senior Living | ||||
Related party transaction | ||||
Derecognition of straight line rent receivable | $ 75,200,000 | |||
Derecognition of straight line rent receivable offsetting reserve | 75,200,000 | |||
Eclipse Senior Living | ||||
Related party transaction | ||||
Ownership interests in properties accounted for under the equity method | 34.00% | |||
Number of board members appointed | board_member | 2 | |||
Number of board members | board_member | 6 | |||
Transaction costs | $ 8,200,000 | $ 23,600,000 | ||
Consideration transferred | $ 0 | |||
Remaining ownership percentage retained by investee | 66.00% | |||
Eclipse Senior Living | ||||
Related party transaction | ||||
Related party fees | $ 14,600,000 | 12,900,000 | ||
Eclipse Senior Living | Seniors Housing Communities | ||||
Related party transaction | ||||
Number of real estate properties | property | 76 | |||
Atria | ||||
Related party transaction | ||||
Related party fees | 62,100,000 | 60,100,000 | $ 59,700,000 | |
Ardent | ||||
Related party transaction | ||||
Revenue from related parties | $ 118,800,000 | $ 114,800,000 | $ 110,800,000 | |
Ardent | Triple Net Leased Properties | ||||
Related party transaction | ||||
Number of real estate properties | property | 10 |
Quarterly Financial Informati_3
Quarterly Financial Information (Unaudited) (Summarized Unaudited Consolidated Quarterly Information) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Revenues | $ 996,004 | $ 983,155 | $ 950,717 | $ 942,874 | $ 923,263 | $ 936,538 | $ 942,304 | $ 943,705 | $ 3,872,750 | $ 3,745,810 | $ 3,574,149 |
Income from continuing operations | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,108 | 439,297 | 415,991 | 1,361,222 |
Discontinued operations | 0 | 0 | 0 | (10) | 0 | (10) | (110) | ||||
Net income | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,098 | 439,297 | 415,981 | 1,361,112 |
Net income attributable to noncontrolling interests | 1,450 | 1,659 | 1,369 | 1,803 | 1,029 | 1,309 | 2,781 | 1,395 | 6,281 | 6,514 | 4,642 |
Net income attributable to common stockholders | $ 11,443 | $ 85,259 | $ 210,529 | $ 125,785 | $ 62,273 | $ 101,972 | $ 166,519 | $ 78,703 | $ 433,016 | $ 409,467 | $ 1,356,470 |
Basic: | |||||||||||
Income from continuing operations (USD per share) | $ 0.03 | $ 0.23 | $ 0.59 | $ 0.36 | $ 0.18 | $ 0.29 | $ 0.48 | $ 0.22 | $ 1.20 | $ 1.17 | $ 3.83 |
Net income attributable to common stockholders (USD per share) | 0.03 | 0.23 | 0.58 | 0.35 | 0.17 | 0.29 | 0.47 | 0.22 | 1.18 | 1.15 | 3.82 |
Diluted: | |||||||||||
Income from continuing operations (USD per share) | 0.03 | 0.23 | 0.58 | 0.35 | 0.18 | 0.29 | 0.47 | 0.22 | 1.19 | 1.16 | 3.80 |
Net income attributable to common stockholders (USD per share) | 0.03 | 0.23 | 0.58 | 0.35 | 0.17 | 0.28 | 0.46 | 0.22 | 1.17 | 1.14 | 3.78 |
Dividends declared per common share (in dollars per share) | $ 0.7925 | $ 0.7925 | $ 0.7925 | $ 0.7925 | $ 0.79 | $ 0.79 | $ 0.79 | $ 3.17000 | 3.16250 | 3.11500 | |
Common Stock, Dividends, Per Share, Declared, Taxable in Following Year | $ 0.79250 | $ 0.79250 | $ 0.79000 |
Segment Information (Narrative)
Segment Information (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2019USD ($)segment | Dec. 31, 2018segment | Dec. 31, 2017segment | |
Segment Reporting [Abstract] | |||
Number of reportable segments | segment | 3 | 3 | 3 |
Intersegment activity | $ | $ 0 |
Segment Information (Income Sta
Segment Information (Income Statement by Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | |||||||||||
Rental income | $ 1,609,876 | $ 1,513,807 | $ 1,593,598 | ||||||||
Income from loans and investments | 89,201 | 124,218 | 117,608 | ||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Total revenues | $ 996,004 | $ 983,155 | $ 950,717 | $ 942,874 | $ 923,263 | $ 936,538 | $ 942,304 | $ 943,705 | 3,872,750 | 3,745,810 | 3,574,149 |
Less: | |||||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Property-level operating expenses | 1,808,208 | 1,689,880 | 1,483,072 | ||||||||
Office building services costs | 2,319 | 1,418 | 3,391 | ||||||||
Segment NOI | 2,051,239 | 2,029,620 | 2,081,652 | ||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Interest expense | (451,662) | (442,497) | (448,196) | ||||||||
Depreciation and amortization | 1,045,620 | 919,639 | 887,948 | ||||||||
General, administrative and professional fees | (165,996) | (151,982) | (135,490) | ||||||||
Loss on extinguishment of debt, net | (41,900) | (58,254) | (754) | ||||||||
Merger-related expenses and deal costs | (15,235) | (30,547) | (10,535) | ||||||||
Other | (20,052) | ||||||||||
Loss from unconsolidated entities | (2,464) | (55,034) | (3,588) | ||||||||
Gain on real estate dispositions | 26,022 | 46,247 | 717,273 | ||||||||
Income tax benefit | 56,310 | 39,953 | 59,799 | ||||||||
Income from continuing operations | 439,297 | 415,991 | 1,361,222 | ||||||||
Other Nonoperating Income (Expense) | 17,609 | (66,768) | (20,052) | ||||||||
Discontinued operations | 0 | 0 | 0 | (10) | 0 | (10) | (110) | ||||
Net income | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,098 | 439,297 | 415,981 | 1,361,112 |
Net income attributable to noncontrolling interests | 1,450 | 1,659 | 1,369 | 1,803 | 1,029 | 1,309 | 2,781 | 1,395 | 6,281 | 6,514 | 4,642 |
Net income attributable to common stockholders | $ 11,443 | $ 85,259 | $ 210,529 | $ 125,785 | $ 62,273 | $ 101,972 | $ 166,519 | $ 78,703 | 433,016 | 409,467 | 1,356,470 |
Operating Segments | Triple Net Leased Properties | |||||||||||
Revenues | |||||||||||
Rental income | 780,898 | 737,796 | 840,131 | ||||||||
Income from loans and investments | 0 | 0 | 0 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Total revenues | 780,898 | 740,318 | 844,711 | ||||||||
Less: | |||||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Property-level operating expenses | 26,561 | 0 | 0 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
Segment NOI | 754,337 | 740,318 | 844,711 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Operating Segments | Senior Living Operations | |||||||||||
Revenues | |||||||||||
Rental income | 0 | 0 | 0 | ||||||||
Income from loans and investments | 0 | 0 | 0 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Total revenues | 2,151,533 | 2,069,477 | 1,843,232 | ||||||||
Less: | |||||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Property-level operating expenses | 1,521,398 | 1,446,201 | 1,250,065 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
Segment NOI | 630,135 | 623,276 | 593,167 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Operating Segments | Office Operations | |||||||||||
Revenues | |||||||||||
Rental income | 828,978 | 776,011 | 753,467 | ||||||||
Income from loans and investments | 0 | 0 | 0 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Total revenues | 836,725 | 783,603 | 760,964 | ||||||||
Less: | |||||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Property-level operating expenses | 260,249 | 243,679 | 233,007 | ||||||||
Office building services costs | 2,319 | 1,418 | 3,391 | ||||||||
Segment NOI | 574,157 | 538,506 | 524,566 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
All Other | |||||||||||
Revenues | |||||||||||
Rental income | 0 | 0 | 0 | ||||||||
Income from loans and investments | 89,201 | 124,218 | 117,608 | ||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Total revenues | 103,594 | 152,412 | 125,242 | ||||||||
Less: | |||||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Property-level operating expenses | 0 | 0 | 0 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
Segment NOI | 92,610 | 127,520 | 119,208 | ||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Resident Fees and Services | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 2,151,533 | 2,069,477 | 1,843,232 | ||||||||
Resident Fees and Services | Operating Segments | Triple Net Leased Properties | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Resident Fees and Services | Operating Segments | Senior Living Operations | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 2,151,533 | 2,069,477 | 1,843,232 | ||||||||
Resident Fees and Services | Operating Segments | Office Operations | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Resident Fees and Services | All Other | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Office Building and Other Services Revenue | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 11,156 | 13,416 | 13,677 | ||||||||
Office Building and Other Services Revenue | Operating Segments | Triple Net Leased Properties | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 2,522 | 4,580 | ||||||||
Office Building and Other Services Revenue | Operating Segments | Senior Living Operations | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Office Building and Other Services Revenue | Operating Segments | Office Operations | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 7,747 | 7,592 | 7,497 | ||||||||
Office Building and Other Services Revenue | All Other | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | $ 3,409 | $ 3,302 | $ 1,600 |
Segment Information (Assets) (D
Segment Information (Assets) (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Assets | ||
Total assets | $ 24,692,208 | $ 22,584,555 |
Percentage of total assets | 100.00% | 100.00% |
Operating Segments | Triple Net Leased Properties | ||
Assets | ||
Total assets | $ 6,381,657 | $ 6,795,142 |
Percentage of total assets | 25.80% | 30.10% |
Operating Segments | Senior Living Operations | ||
Assets | ||
Total assets | $ 10,142,023 | $ 8,156,187 |
Percentage of total assets | 41.10% | 36.10% |
Operating Segments | Office Operations | ||
Assets | ||
Total assets | $ 7,173,401 | $ 6,772,957 |
Percentage of total assets | 29.10% | 30.00% |
All Other | ||
Assets | ||
Total assets | $ 995,127 | $ 860,269 |
Percentage of total assets | 4.00% | 3.80% |
Segment Information (Capital Ex
Segment Information (Capital Expenditures) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Segment Reporting Information | |||
Total capital expenditures | $ 1,518,772 | $ 728,641 | $ 1,096,327 |
Operating Segments | Triple Net Leased Properties | |||
Segment Reporting Information | |||
Total capital expenditures | 55,429 | 58,744 | 254,542 |
Operating Segments | Senior Living Operations | |||
Segment Reporting Information | |||
Total capital expenditures | 944,214 | 337,750 | 261,900 |
Operating Segments | Office Operations | |||
Segment Reporting Information | |||
Total capital expenditures | $ 519,129 | $ 332,147 | $ 579,885 |
Segment Information (Geographic
Segment Information (Geographic Information) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenue | |||||||||||
Revenues | $ 996,004 | $ 983,155 | $ 950,717 | $ 942,874 | $ 923,263 | $ 936,538 | $ 942,304 | $ 943,705 | $ 3,872,750 | $ 3,745,810 | $ 3,574,149 |
Net real estate property: | |||||||||||
Net real estate property | 21,729,087 | 20,093,657 | 21,729,087 | 20,093,657 | |||||||
United States | |||||||||||
Revenue | |||||||||||
Revenues | 3,578,341 | 3,524,875 | 3,361,682 | ||||||||
Net real estate property: | |||||||||||
Net real estate property | 18,631,352 | 18,861,163 | 18,631,352 | 18,861,163 | |||||||
Canada | |||||||||||
Revenue | |||||||||||
Revenues | 266,946 | 192,350 | 186,049 | ||||||||
Net real estate property: | |||||||||||
Net real estate property | 2,830,850 | 963,588 | 2,830,850 | 963,588 | |||||||
United Kingdom | |||||||||||
Revenue | |||||||||||
Revenues | 27,463 | 28,585 | $ 26,418 | ||||||||
Net real estate property: | |||||||||||
Net real estate property | $ 266,885 | $ 268,906 | $ 266,885 | $ 268,906 |
Condensed Consolidating Infor_3
Condensed Consolidating Information (Balance Sheet) (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Assets | ||||
Net real estate investments | $ 22,478,721 | $ 20,637,904 | ||
Cash and cash equivalents | 106,363 | 72,277 | ||
Escrow deposits and restricted cash | 39,739 | 59,187 | ||
Investment in and advances to affiliates | 0 | 0 | ||
Goodwill | 1,051,161 | 1,050,548 | ||
Assets held for sale | 91,433 | 5,454 | ||
Deferred income tax assets, net | 47,495 | 0 | ||
Other assets | 877,296 | 759,185 | ||
Total assets | 24,692,208 | 22,584,555 | ||
Senior notes payable and other debt | 12,158,773 | 10,733,699 | ||
Liabilities: | ||||
Senior notes payable and other debt | 12,158,773 | 10,733,699 | ||
Intercompany loans | 0 | 0 | ||
Accrued interest | 111,115 | 99,667 | ||
Operating lease liabilities | 251,196 | 0 | ||
Accounts payable and other liabilities | 1,145,700 | 1,086,030 | ||
Liabilities related to assets held for sale | 5,463 | 205 | ||
Deferred income tax liabilities, net | 205,219 | |||
Deferred income tax liabilities | 200,831 | |||
Liabilities | 13,873,078 | 12,124,820 | ||
Redeemable OP unitholder and noncontrolling interests | 273,678 | 188,141 | ||
Total equity | 10,545,452 | 10,271,594 | $ 10,932,185 | $ 10,528,753 |
Total liabilities and equity | 24,692,208 | 22,584,555 | ||
Consolidated Elimination | ||||
Assets | ||||
Net real estate investments | 0 | 0 | ||
Cash and cash equivalents | 0 | 0 | ||
Escrow deposits and restricted cash | 0 | 0 | ||
Investment in and advances to affiliates | (18,503,007) | (18,382,790) | ||
Goodwill | 0 | 0 | ||
Assets held for sale | 0 | 0 | ||
Deferred income tax assets, net | 0 | |||
Other assets | 0 | 0 | ||
Total assets | (18,503,007) | (18,382,790) | ||
Senior notes payable and other debt | 0 | 0 | ||
Liabilities: | ||||
Intercompany loans | 0 | 0 | ||
Accrued interest | 0 | 0 | ||
Operating lease liabilities | 0 | |||
Accounts payable and other liabilities | 0 | 0 | ||
Liabilities related to assets held for sale | 0 | 0 | ||
Deferred income tax liabilities, net | 0 | |||
Deferred income tax liabilities | 0 | |||
Liabilities | 0 | 0 | ||
Redeemable OP unitholder and noncontrolling interests | 0 | 0 | ||
Total equity | (18,503,007) | (18,382,790) | ||
Total liabilities and equity | (18,503,007) | (18,382,790) | ||
Ventas, Inc. | ||||
Assets | ||||
Net real estate investments | 14,714 | 3,598 | ||
Cash and cash equivalents | 1,904 | 6,470 | ||
Escrow deposits and restricted cash | 1,205 | 4,211 | ||
Investment in and advances to affiliates | 15,774,897 | 15,656,592 | ||
Goodwill | 0 | 0 | ||
Assets held for sale | 0 | 0 | ||
Deferred income tax assets, net | 0 | |||
Other assets | 83,190 | 45,989 | ||
Total assets | 15,875,910 | 15,716,860 | ||
Senior notes payable and other debt | 0 | 0 | ||
Liabilities: | ||||
Intercompany loans | 8,789,600 | 8,580,896 | ||
Accrued interest | (14,522) | (9,953) | ||
Operating lease liabilities | 14,498 | |||
Accounts payable and other liabilities | 342,828 | 319,753 | ||
Liabilities related to assets held for sale | 0 | 0 | ||
Deferred income tax liabilities, net | 608 | |||
Deferred income tax liabilities | 1,329 | |||
Liabilities | 9,133,733 | 8,891,304 | ||
Redeemable OP unitholder and noncontrolling interests | 102,657 | 13,746 | ||
Total equity | 6,639,520 | 6,811,810 | ||
Total liabilities and equity | 15,875,910 | 15,716,860 | ||
Ventas Realty | ||||
Assets | ||||
Net real estate investments | 108,533 | 112,691 | ||
Cash and cash equivalents | 0 | 0 | ||
Escrow deposits and restricted cash | 128 | 128 | ||
Investment in and advances to affiliates | 2,728,110 | 2,726,198 | ||
Goodwill | 0 | 0 | ||
Assets held for sale | 0 | 0 | ||
Deferred income tax assets, net | 0 | |||
Other assets | 1,499 | 4,443 | ||
Total assets | 2,838,270 | 2,843,460 | ||
Senior notes payable and other debt | 8,352,384 | 8,620,867 | ||
Liabilities: | ||||
Intercompany loans | (5,105,070) | (5,629,764) | ||
Accrued interest | 94,874 | 85,717 | ||
Operating lease liabilities | 519 | |||
Accounts payable and other liabilities | 20,360 | 19,178 | ||
Liabilities related to assets held for sale | 0 | 0 | ||
Deferred income tax liabilities, net | 0 | |||
Deferred income tax liabilities | 0 | |||
Liabilities | 3,363,067 | 3,095,998 | ||
Redeemable OP unitholder and noncontrolling interests | 0 | 0 | ||
Total equity | (524,797) | (252,538) | ||
Total liabilities and equity | 2,838,270 | 2,843,460 | ||
Ventas Subsidiaries | ||||
Assets | ||||
Net real estate investments | 22,355,474 | 20,521,615 | ||
Cash and cash equivalents | 104,459 | 65,807 | ||
Escrow deposits and restricted cash | 38,406 | 54,848 | ||
Investment in and advances to affiliates | 0 | 0 | ||
Goodwill | 1,051,161 | 1,050,548 | ||
Assets held for sale | 91,433 | 5,454 | ||
Deferred income tax assets, net | 47,495 | |||
Other assets | 792,607 | 708,753 | ||
Total assets | 24,481,035 | 22,407,025 | ||
Senior notes payable and other debt | 3,806,389 | 2,112,832 | ||
Liabilities: | ||||
Intercompany loans | (3,684,530) | (2,951,132) | ||
Accrued interest | 30,763 | 23,903 | ||
Operating lease liabilities | 236,179 | |||
Accounts payable and other liabilities | 782,512 | 747,099 | ||
Liabilities related to assets held for sale | 5,463 | 205 | ||
Deferred income tax liabilities, net | 204,611 | |||
Deferred income tax liabilities | 199,502 | |||
Liabilities | 1,376,278 | 137,518 | ||
Redeemable OP unitholder and noncontrolling interests | 171,021 | 174,395 | ||
Total equity | 22,933,736 | 22,095,112 | ||
Total liabilities and equity | $ 24,481,035 | $ 22,407,025 |
Condensed Consolidating Infor_4
Condensed Consolidating Information (Income Statement) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | |||||||||||
Rental income | $ 1,609,876 | $ 1,513,807 | $ 1,593,598 | ||||||||
Income from loans and investments | 89,201 | 124,218 | 117,608 | ||||||||
Income from loans and investments | 89,201 | 124,218 | 117,608 | ||||||||
Equity earnings in affiliates | 0 | 0 | 0 | ||||||||
Interest and other income | 10,984 | 24,892 | 6,034 | ||||||||
Revenues | $ 996,004 | $ 983,155 | $ 950,717 | $ 942,874 | $ 923,263 | $ 936,538 | $ 942,304 | $ 943,705 | 3,872,750 | 3,745,810 | 3,574,149 |
Expenses | |||||||||||
Interest | 451,662 | 442,497 | 448,196 | ||||||||
Depreciation and amortization | 1,045,620 | 919,639 | 887,948 | ||||||||
Property-level operating expenses | 1,808,208 | 1,689,880 | 1,483,072 | ||||||||
Office building services costs | 2,319 | 1,418 | 3,391 | ||||||||
General, administrative and professional fees | 165,996 | 151,982 | 135,490 | ||||||||
Loss on extinguishment of debt, net | (41,900) | (58,254) | (754) | ||||||||
Merger-related expenses and deal costs | 15,235 | 30,547 | 10,535 | ||||||||
Other | (17,609) | 66,768 | 20,052 | ||||||||
Total expenses | 3,513,331 | 3,360,985 | 2,989,438 | ||||||||
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest | 359,419 | 384,825 | 584,711 | ||||||||
Loss from unconsolidated entities | (2,454) | (55,034) | (561) | ||||||||
Gain on real estate dispositions | 26,022 | 46,247 | 717,273 | ||||||||
Income tax benefit | 56,310 | 39,953 | 59,799 | ||||||||
Income from continuing operations | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,108 | 439,297 | 415,991 | 1,361,222 |
Discontinued operations | 0 | 0 | 0 | (10) | 0 | (10) | (110) | ||||
Net income | 12,893 | 86,918 | 211,898 | 127,588 | 63,302 | 103,281 | 169,300 | 80,098 | 439,297 | 415,981 | 1,361,112 |
Net (loss) income attributable to noncontrolling interest, net of tax | 1,450 | 1,659 | 1,369 | 1,803 | 1,029 | 1,309 | 2,781 | 1,395 | 6,281 | 6,514 | 4,642 |
Net income attributable to common stockholders | $ 11,443 | $ 85,259 | $ 210,529 | $ 125,785 | $ 62,273 | $ 101,972 | $ 166,519 | $ 78,703 | 433,016 | 409,467 | 1,356,470 |
Consolidated Elimination | |||||||||||
Revenues | |||||||||||
Rental income | 0 | 0 | 0 | ||||||||
Income from loans and investments | 0 | 0 | |||||||||
Income from loans and investments | 0 | ||||||||||
Equity earnings in affiliates | (359,674) | (306,068) | (1,265,751) | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Revenues | (359,674) | (306,068) | (1,265,751) | ||||||||
Expenses | |||||||||||
Interest | 0 | 0 | 0 | ||||||||
Depreciation and amortization | 0 | 0 | 0 | ||||||||
Property-level operating expenses | 0 | 0 | 0 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
General, administrative and professional fees | 0 | 0 | 0 | ||||||||
Loss on extinguishment of debt, net | 0 | 0 | 0 | ||||||||
Merger-related expenses and deal costs | 0 | 0 | 0 | ||||||||
Other | 0 | 0 | 0 | ||||||||
Total expenses | 0 | 0 | 0 | ||||||||
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest | (359,674) | (306,068) | (1,265,751) | ||||||||
Loss from unconsolidated entities | 0 | 0 | 0 | ||||||||
Gain on real estate dispositions | 0 | 0 | 0 | ||||||||
Income tax benefit | 0 | 0 | 0 | ||||||||
Income from continuing operations | (359,674) | (306,068) | (1,265,751) | ||||||||
Discontinued operations | 0 | 0 | |||||||||
Net income | (359,674) | (306,068) | (1,265,751) | ||||||||
Net (loss) income attributable to noncontrolling interest, net of tax | 0 | 0 | 0 | ||||||||
Net income attributable to common stockholders | (359,674) | (306,068) | (1,265,751) | ||||||||
Ventas, Inc. | |||||||||||
Revenues | |||||||||||
Rental income | 1,074 | 1,407 | 2,383 | ||||||||
Income from loans and investments | 2,812 | 1,640 | |||||||||
Income from loans and investments | 1,236 | ||||||||||
Equity earnings in affiliates | 362,143 | 308,764 | 1,260,665 | ||||||||
Interest and other income | 214 | 23,802 | 5,388 | ||||||||
Revenues | 366,243 | 335,613 | 1,269,672 | ||||||||
Expenses | |||||||||||
Interest | (87,222) | (98,411) | (101,385) | ||||||||
Depreciation and amortization | 5,686 | 5,425 | 5,483 | ||||||||
Property-level operating expenses | 0 | 0 | 0 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
General, administrative and professional fees | 6,512 | (2,866) | 2,040 | ||||||||
Loss on extinguishment of debt, net | 0 | (355) | 0 | ||||||||
Merger-related expenses and deal costs | 7,170 | 25,880 | 9,796 | ||||||||
Other | 2,077 | 4,881 | 2,247 | ||||||||
Total expenses | (65,777) | (64,736) | (81,819) | ||||||||
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest | 432,020 | 400,349 | 1,351,491 | ||||||||
Loss from unconsolidated entities | 0 | 0 | 0 | ||||||||
Gain on real estate dispositions | 930 | 6,653 | 0 | ||||||||
Income tax benefit | 66 | 2,475 | 5,089 | ||||||||
Income from continuing operations | 433,016 | 409,477 | 1,356,580 | ||||||||
Discontinued operations | (10) | (110) | |||||||||
Net income | 433,016 | 409,467 | 1,356,470 | ||||||||
Net (loss) income attributable to noncontrolling interest, net of tax | 0 | 0 | 0 | ||||||||
Net income attributable to common stockholders | 433,016 | 409,467 | 1,356,470 | ||||||||
Ventas Realty | |||||||||||
Revenues | |||||||||||
Rental income | 142,562 | 139,043 | 178,165 | ||||||||
Income from loans and investments | 0 | 0 | |||||||||
Income from loans and investments | 0 | ||||||||||
Equity earnings in affiliates | 0 | 0 | 0 | ||||||||
Interest and other income | 192 | 19 | 0 | ||||||||
Revenues | 142,754 | 139,062 | 178,165 | ||||||||
Expenses | |||||||||||
Interest | 323,860 | 327,898 | 319,632 | ||||||||
Depreciation and amortization | 5,410 | 5,680 | 7,510 | ||||||||
Property-level operating expenses | 578 | 283 | 330 | ||||||||
Office building services costs | 0 | 0 | 0 | ||||||||
General, administrative and professional fees | 17,958 | 18,845 | 16,976 | ||||||||
Loss on extinguishment of debt, net | (41,875) | (55,910) | (942) | ||||||||
Merger-related expenses and deal costs | 0 | 0 | 0 | ||||||||
Other | 2 | 3 | 1 | ||||||||
Total expenses | 389,683 | 408,619 | 345,391 | ||||||||
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest | (246,929) | (269,557) | (167,226) | ||||||||
Loss from unconsolidated entities | 0 | 0 | 0 | ||||||||
Gain on real estate dispositions | 88 | 0 | 675,808 | ||||||||
Income tax benefit | 0 | 0 | 0 | ||||||||
Income from continuing operations | (246,841) | (269,557) | 508,582 | ||||||||
Discontinued operations | 0 | 0 | |||||||||
Net income | (246,841) | (269,557) | 508,582 | ||||||||
Net (loss) income attributable to noncontrolling interest, net of tax | 0 | 0 | 0 | ||||||||
Net income attributable to common stockholders | (246,841) | (269,557) | 508,582 | ||||||||
Ventas Subsidiaries | |||||||||||
Revenues | |||||||||||
Rental income | 1,466,240 | 1,373,357 | 1,413,050 | ||||||||
Income from loans and investments | 86,389 | 122,578 | |||||||||
Income from loans and investments | 116,372 | ||||||||||
Equity earnings in affiliates | (2,469) | (2,696) | 5,086 | ||||||||
Interest and other income | 10,578 | 1,071 | 646 | ||||||||
Revenues | 3,723,427 | 3,577,203 | 3,392,063 | ||||||||
Expenses | |||||||||||
Interest | 215,024 | 213,010 | 229,949 | ||||||||
Depreciation and amortization | 1,034,524 | 908,534 | 874,955 | ||||||||
Property-level operating expenses | 1,807,630 | 1,689,597 | 1,482,742 | ||||||||
Office building services costs | 2,319 | 1,418 | 3,391 | ||||||||
General, administrative and professional fees | 141,526 | 136,003 | 116,474 | ||||||||
Loss on extinguishment of debt, net | (25) | (1,989) | 188 | ||||||||
Merger-related expenses and deal costs | 8,065 | 4,667 | 739 | ||||||||
Other | (19,688) | 61,884 | 17,804 | ||||||||
Total expenses | 3,189,425 | 3,017,102 | 2,725,866 | ||||||||
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest | 534,002 | 560,101 | 666,197 | ||||||||
Loss from unconsolidated entities | (2,454) | (55,034) | (561) | ||||||||
Gain on real estate dispositions | 25,004 | 39,594 | 41,465 | ||||||||
Income tax benefit | 56,244 | 37,478 | 54,710 | ||||||||
Income from continuing operations | 612,796 | 582,139 | 761,811 | ||||||||
Discontinued operations | 0 | 0 | |||||||||
Net income | 612,796 | 582,139 | 761,811 | ||||||||
Net (loss) income attributable to noncontrolling interest, net of tax | 6,281 | 6,514 | 4,642 | ||||||||
Net income attributable to common stockholders | 606,515 | 575,625 | 757,169 | ||||||||
Resident Fees and Services | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 2,151,533 | 2,069,477 | 1,843,232 | ||||||||
Resident Fees and Services | Consolidated Elimination | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Resident Fees and Services | Ventas, Inc. | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Resident Fees and Services | Ventas Realty | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Resident Fees and Services | Ventas Subsidiaries | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 2,151,533 | 2,069,477 | 1,843,232 | ||||||||
Office Building and Other Services Revenue | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 11,156 | 13,416 | 13,677 | ||||||||
Office Building and Other Services Revenue | Consolidated Elimination | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Office Building and Other Services Revenue | Ventas, Inc. | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Office Building and Other Services Revenue | Ventas Realty | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | 0 | 0 | 0 | ||||||||
Office Building and Other Services Revenue | Ventas Subsidiaries | |||||||||||
Revenues | |||||||||||
Revenue from contracts with customers | $ 11,156 | $ 13,416 | $ 13,677 |
Condensed Consolidating Infor_5
Condensed Consolidating Information (Comprehensive Income Statement) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net income | $ 12,893 | $ 86,918 | $ 211,898 | $ 127,588 | $ 63,302 | $ 103,281 | $ 169,300 | $ 80,098 | $ 439,297 | $ 415,981 | $ 1,361,112 |
Other comprehensive (loss) income: | |||||||||||
Foreign currency translation | 5,729 | (9,436) | 20,612 | ||||||||
Unrealized gain (loss) on available for sale securities | 11,634 | 14,944 | (437) | ||||||||
Derivative instruments | (30,814) | 10,030 | 2,239 | ||||||||
Total other comprehensive (loss) income | (13,451) | 15,538 | 22,414 | ||||||||
Comprehensive income | 425,846 | 431,519 | 1,383,526 | ||||||||
Comprehensive income attributable to noncontrolling interests | 7,649 | 6,514 | 4,642 | ||||||||
Comprehensive income attributable to common stockholders | 418,197 | 425,005 | 1,378,884 | ||||||||
Consolidated Elimination | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net income | (359,674) | (306,068) | (1,265,751) | ||||||||
Other comprehensive (loss) income: | |||||||||||
Foreign currency translation | 0 | 0 | 0 | ||||||||
Unrealized gain (loss) on available for sale securities | 0 | 0 | 0 | ||||||||
Derivative instruments | 0 | 0 | 0 | ||||||||
Total other comprehensive (loss) income | 0 | 0 | 0 | ||||||||
Comprehensive income | (359,674) | (306,068) | (1,265,751) | ||||||||
Comprehensive income attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive income attributable to common stockholders | (359,674) | (306,068) | (1,265,751) | ||||||||
Ventas, Inc. | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net income | 433,016 | 409,467 | 1,356,470 | ||||||||
Other comprehensive (loss) income: | |||||||||||
Foreign currency translation | 0 | 0 | 0 | ||||||||
Unrealized gain (loss) on available for sale securities | 0 | 0 | 0 | ||||||||
Derivative instruments | 0 | 0 | 0 | ||||||||
Total other comprehensive (loss) income | 0 | 0 | 0 | ||||||||
Comprehensive income | 433,016 | 409,467 | 1,356,470 | ||||||||
Comprehensive income attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive income attributable to common stockholders | 433,016 | 409,467 | 1,356,470 | ||||||||
Ventas Realty | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net income | (246,841) | (269,557) | 508,582 | ||||||||
Other comprehensive (loss) income: | |||||||||||
Foreign currency translation | 0 | 0 | 0 | ||||||||
Unrealized gain (loss) on available for sale securities | 0 | 0 | 0 | ||||||||
Derivative instruments | 0 | 0 | 0 | ||||||||
Total other comprehensive (loss) income | 0 | 0 | 0 | ||||||||
Comprehensive income | (246,841) | (269,557) | 508,582 | ||||||||
Comprehensive income attributable to noncontrolling interests | 0 | 0 | 0 | ||||||||
Comprehensive income attributable to common stockholders | (246,841) | (269,557) | 508,582 | ||||||||
Ventas Subsidiaries | |||||||||||
Condensed Financial Statements, Captions [Line Items] | |||||||||||
Net income | 612,796 | 582,139 | 761,811 | ||||||||
Other comprehensive (loss) income: | |||||||||||
Foreign currency translation | 5,729 | (9,436) | 20,612 | ||||||||
Unrealized gain (loss) on available for sale securities | 11,634 | 14,944 | (437) | ||||||||
Derivative instruments | (30,814) | 10,030 | 2,239 | ||||||||
Total other comprehensive (loss) income | (13,451) | 15,538 | 22,414 | ||||||||
Comprehensive income | 599,345 | 597,677 | 784,225 | ||||||||
Comprehensive income attributable to noncontrolling interests | 6,514 | 4,642 | |||||||||
Comprehensive income attributable to common stockholders | $ 591,696 | $ 591,163 | $ 779,583 |
Condensed Consolidating Infor_6
Condensed Consolidating Information (Cash Flow Statement) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Condensed Consolidating Statement of Cash Flows | ||||
Net cash provided by (used in) operating activities | $ 1,437,783 | $ 1,381,467 | $ 1,428,752 | |
Cash flows from investing activities: | ||||
Net investment in real estate property | (958,125) | (265,907) | (664,684) | |
Investment in loans receivable | (1,258,187) | (229,534) | (748,119) | |
Proceeds from real estate disposals | 147,855 | 353,792 | 859,874 | |
Proceeds from loans receivable | 1,017,309 | 911,540 | 101,097 | |
Development project expenditures | (403,923) | (330,876) | (299,085) | |
Payments for Capital Improvements | 156,724 | 131,858 | 132,558 | |
Capital expenditures | (156,724) | (131,858) | (132,558) | |
Distributions from unconsolidated entities | 172 | 57,455 | 6,169 | |
Investment in unconsolidated entities | (3,855) | (47,007) | (61,220) | |
Insurance proceeds for property damage claims | 30,179 | 6,891 | 1,419 | |
Net cash provided by (used in) investing activities | (1,585,299) | 324,496 | (937,107) | |
Cash flows from financing activities: | ||||
Net change in borrowings under revolving credit facilities | (569,891) | 321,463 | 384,783 | |
Net change in borrowings under commercial paper program | 565,524 | 0 | 0 | |
Proceeds from debt | 3,013,191 | 2,549,473 | 1,111,649 | |
Repayment of debt | (2,623,916) | (3,465,579) | (1,369,084) | |
Purchase of noncontrolling interest | (4,724) | (15,809) | ||
Net change in intercompany debt | 0 | 0 | 0 | |
Payment of deferred financing costs | (21,403) | (20,612) | (27,297) | |
Issuance of common stock, net | 942,085 | 0 | 73,596 | |
Cash distribution (to) from affiliates | 0 | 0 | ||
Cash distribution to common stockholders | (1,157,720) | (1,127,143) | (827,285) | |
Cash distribution to redeemable OP unitholders | (9,218) | (7,459) | (5,677) | |
Payments for Repurchase of Other Equity | (2,203) | (1,370) | 0 | |
Purchases of redeemable OP units | (2,203) | |||
Contributions from noncontrolling interests | 6,282 | 1,883 | 4,402 | |
Distributions to noncontrolling interests | (9,717) | (11,574) | (11,187) | |
Proceeds from stock option exercises | 36,179 | 8,762 | 16,287 | |
Other | (8,519) | (5,057) | (5,705) | |
Net cash provided by (used in) financing activities | 160,674 | (1,761,937) | (671,327) | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | 13,158 | (55,974) | (179,682) | |
Effect of foreign currency translation | 1,480 | (815) | 581 | |
Effect of foreign currency translation | 1,480 | (815) | 581 | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 146,102 | 131,464 | 188,253 | $ 367,354 |
Consolidated Elimination | ||||
Condensed Consolidating Statement of Cash Flows | ||||
Net cash provided by (used in) operating activities | 0 | 0 | 0 | |
Cash flows from investing activities: | ||||
Net investment in real estate property | 0 | 0 | 0 | |
Investment in loans receivable | 0 | 0 | 0 | |
Proceeds from real estate disposals | 0 | 0 | 0 | |
Proceeds from loans receivable | 0 | 0 | 0 | |
Development project expenditures | 0 | 0 | 0 | |
Payments for Capital Improvements | 0 | 0 | ||
Capital expenditures | 0 | |||
Distributions from unconsolidated entities | 0 | 0 | 0 | |
Investment in unconsolidated entities | 0 | 0 | 0 | |
Insurance proceeds for property damage claims | 0 | 0 | 0 | |
Net cash provided by (used in) investing activities | 0 | 0 | 0 | |
Cash flows from financing activities: | ||||
Net change in borrowings under revolving credit facilities | 0 | 0 | 0 | |
Net change in borrowings under commercial paper program | 0 | |||
Proceeds from debt | 0 | 0 | 0 | |
Repayment of debt | 0 | 0 | 0 | |
Purchase of noncontrolling interest | 0 | 0 | ||
Net change in intercompany debt | 0 | 0 | 0 | |
Payment of deferred financing costs | 0 | 0 | 0 | |
Issuance of common stock, net | 0 | 0 | ||
Cash distribution (to) from affiliates | 0 | 0 | ||
Cash distribution to common stockholders | 0 | 0 | 0 | |
Cash distribution to redeemable OP unitholders | 0 | 0 | 0 | |
Payments for Repurchase of Other Equity | 0 | |||
Purchases of redeemable OP units | 0 | |||
Contributions from noncontrolling interests | 0 | 0 | 0 | |
Distributions to noncontrolling interests | 0 | 0 | 0 | |
Proceeds from stock option exercises | 0 | 0 | 0 | |
Other | 0 | 0 | 0 | |
Net cash provided by (used in) financing activities | 0 | 0 | 0 | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | 0 | 0 | 0 | |
Effect of foreign currency translation | 0 | 0 | ||
Effect of foreign currency translation | 0 | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | 0 | 0 |
Ventas, Inc. | ||||
Condensed Consolidating Statement of Cash Flows | ||||
Net cash provided by (used in) operating activities | 59,433 | 45,334 | 149,923 | |
Cash flows from investing activities: | ||||
Net investment in real estate property | (235,807) | (265,907) | (635,352) | |
Investment in loans receivable | (21,799) | (4,307) | (4,633) | |
Proceeds from real estate disposals | 147,546 | 353,792 | 859,587 | |
Proceeds from loans receivable | 60 | 1,490 | 47 | |
Development project expenditures | (7,240) | 0 | 0 | |
Payments for Capital Improvements | 0 | 0 | ||
Capital expenditures | 0 | |||
Distributions from unconsolidated entities | 0 | 0 | 0 | |
Investment in unconsolidated entities | 0 | 0 | 0 | |
Insurance proceeds for property damage claims | 0 | 0 | 0 | |
Net cash provided by (used in) investing activities | (117,240) | 85,068 | 219,649 | |
Cash flows from financing activities: | ||||
Net change in borrowings under revolving credit facilities | 0 | 0 | 0 | |
Net change in borrowings under commercial paper program | 0 | |||
Proceeds from debt | 0 | 0 | 0 | |
Repayment of debt | 0 | 0 | 0 | |
Purchase of noncontrolling interest | (8,271) | (15,809) | ||
Net change in intercompany debt | 225,407 | 1,468,811 | 1,003,315 | |
Payment of deferred financing costs | 0 | 0 | 0 | |
Issuance of common stock, net | 942,085 | 73,596 | ||
Cash distribution (to) from affiliates | (490,214) | (803,257) | ||
Cash distribution to common stockholders | (1,157,720) | (1,127,143) | (827,285) | |
Cash distribution to redeemable OP unitholders | 0 | 0 | 0 | |
Payments for Repurchase of Other Equity | 0 | |||
Purchases of redeemable OP units | 0 | |||
Contributions from noncontrolling interests | 0 | 0 | 0 | |
Distributions to noncontrolling interests | 0 | 0 | 0 | |
Proceeds from stock option exercises | 36,179 | 8,762 | 16,287 | |
Other | (8,502) | (5,057) | (5,705) | |
Net cash provided by (used in) financing activities | 37,449 | (153,112) | (558,858) | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | (20,358) | (22,710) | (189,286) | |
Effect of foreign currency translation | 12,786 | (13,554) | ||
Effect of foreign currency translation | 28,442 | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 3,109 | 10,681 | 46,945 | 207,789 |
Ventas Realty | ||||
Condensed Consolidating Statement of Cash Flows | ||||
Net cash provided by (used in) operating activities | (179,258) | (194,283) | (143,960) | |
Cash flows from investing activities: | ||||
Net investment in real estate property | 0 | 0 | 0 | |
Investment in loans receivable | 0 | 0 | 0 | |
Proceeds from real estate disposals | 0 | 0 | 0 | |
Proceeds from loans receivable | 0 | 0 | 0 | |
Development project expenditures | (790) | 0 | 0 | |
Payments for Capital Improvements | 0 | 1,199 | ||
Capital expenditures | (726) | |||
Distributions from unconsolidated entities | 0 | 0 | 0 | |
Investment in unconsolidated entities | 0 | 0 | 0 | |
Insurance proceeds for property damage claims | 0 | 0 | 0 | |
Net cash provided by (used in) investing activities | (790) | (1,199) | (726) | |
Cash flows from financing activities: | ||||
Net change in borrowings under revolving credit facilities | (577,996) | 326,620 | 478,868 | |
Net change in borrowings under commercial paper program | 565,524 | |||
Proceeds from debt | 1,793,154 | 2,309,141 | 793,904 | |
Repayment of debt | (2,109,894) | (2,954,654) | (778,606) | |
Purchase of noncontrolling interest | 0 | 0 | ||
Net change in intercompany debt | 525,608 | 530,236 | (917,917) | |
Payment of deferred financing costs | (16,348) | (15,861) | (20,450) | |
Issuance of common stock, net | 0 | 0 | ||
Cash distribution (to) from affiliates | 0 | 587,511 | ||
Cash distribution to common stockholders | 0 | 0 | 0 | |
Cash distribution to redeemable OP unitholders | 0 | 0 | 0 | |
Payments for Repurchase of Other Equity | 0 | |||
Purchases of redeemable OP units | 0 | |||
Contributions from noncontrolling interests | 0 | 0 | 0 | |
Distributions to noncontrolling interests | 0 | 0 | 0 | |
Proceeds from stock option exercises | 0 | 0 | 0 | |
Other | 0 | 0 | 0 | |
Net cash provided by (used in) financing activities | 180,048 | 195,482 | 143,310 | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | 0 | 0 | (1,376) | |
Effect of foreign currency translation | 0 | 0 | ||
Effect of foreign currency translation | 0 | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 128 | 128 | 128 | 1,504 |
Ventas Subsidiaries | ||||
Condensed Consolidating Statement of Cash Flows | ||||
Net cash provided by (used in) operating activities | 1,557,608 | 1,530,416 | 1,422,789 | |
Cash flows from investing activities: | ||||
Net investment in real estate property | (722,318) | 0 | (29,332) | |
Investment in loans receivable | (1,236,388) | (225,227) | (743,486) | |
Proceeds from real estate disposals | 309 | 0 | 287 | |
Proceeds from loans receivable | 1,017,249 | 910,050 | 101,050 | |
Development project expenditures | (395,893) | (330,876) | (299,085) | |
Payments for Capital Improvements | 156,724 | 130,659 | ||
Capital expenditures | (131,832) | |||
Distributions from unconsolidated entities | 172 | 57,455 | 6,169 | |
Investment in unconsolidated entities | (3,855) | (47,007) | (61,220) | |
Insurance proceeds for property damage claims | 30,179 | 6,891 | 1,419 | |
Net cash provided by (used in) investing activities | (1,467,269) | 240,627 | (1,156,030) | |
Cash flows from financing activities: | ||||
Net change in borrowings under revolving credit facilities | 8,105 | (5,157) | (94,085) | |
Net change in borrowings under commercial paper program | 0 | |||
Proceeds from debt | 1,220,037 | 240,332 | 317,745 | |
Repayment of debt | (514,022) | (510,925) | (590,478) | |
Purchase of noncontrolling interest | 3,547 | 0 | ||
Net change in intercompany debt | (751,015) | (1,999,047) | (85,398) | |
Payment of deferred financing costs | (5,055) | (4,751) | (6,847) | |
Issuance of common stock, net | 0 | 0 | ||
Cash distribution (to) from affiliates | 490,214 | 215,746 | ||
Cash distribution to common stockholders | 0 | 0 | 0 | |
Cash distribution to redeemable OP unitholders | (9,218) | (7,459) | (5,677) | |
Payments for Repurchase of Other Equity | (2,203) | (1,370) | ||
Contributions from noncontrolling interests | 6,282 | 1,883 | 4,402 | |
Distributions to noncontrolling interests | (9,717) | (11,574) | (11,187) | |
Proceeds from stock option exercises | 0 | 0 | 0 | |
Other | (17) | 0 | 0 | |
Net cash provided by (used in) financing activities | (56,823) | (1,804,307) | (255,779) | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | 33,516 | (33,264) | 10,980 | |
Effect of foreign currency translation | (11,306) | 12,739 | ||
Effect of foreign currency translation | (27,861) | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $ 142,865 | $ 120,655 | $ 141,180 | $ 158,061 |
Schedule II_ Valuation and Qu_2
Schedule II: Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Year | $ 132,928 | $ 121,473 | |
Charged to Earnings | (60,835) | 15,747 | |
Acquired Properties | 3,515 | 0 | |
Uncollectible Accounts Written-off | (7,533) | (3,237) | |
Disposed Properties | (1,585) | (1,055) | |
Balance at End of Year | 66,490 | 132,928 | |
Allowance for Doubtful Accounts | |||
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Year | 15,164 | 11,637 | |
Charged to Earnings | 10,708 | 7,207 | |
Acquired Properties | 3,515 | 0 | |
Uncollectible Accounts Written-off | (7,533) | (3,237) | |
Disposed Properties | (9) | (443) | |
Balance at End of Year | 21,845 | 15,164 | |
Straight-line Rent Receivable Allowance | |||
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Year | 117,764 | 109,836 | |
Charged to Earnings | (71,543) | [1] | 8,540 |
Acquired Properties | 0 | 0 | |
Uncollectible Accounts Written-off | 0 | 0 | |
Disposed Properties | (1,576) | (612) | |
Balance at End of Year | $ 44,645 | $ 117,764 | |
[1] | (1) Amounts charged to earnings primarily relate to termination of lease arrangements with Elmcroft in January 2018. |
Schedule III_ Real Estate and_2
Schedule III: Real Estate and Accumulated Depreciation (Rollforward) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Carrying cost: | |||
Balance at beginning of period | $ 24,973,983 | $ 24,712,478 | $ 23,859,816 |
Additions during period: | |||
Acquisitions | 1,941,016 | 318,895 | 702,501 |
Capital expenditures | 563,706 | 446,490 | 453,829 |
Deductions during period: | |||
Foreign currency translation | 107,508 | 105,192 | 93,490 |
Other | (460,490) | (398,688) | (397,158) |
Balance at end of period | 27,125,723 | 24,973,983 | 24,712,478 |
Accumulated depreciation: | |||
Balance at beginning of period | 5,492,310 | 4,802,917 | 4,208,010 |
Additions during period: | |||
Depreciation expense | 828,954 | 791,882 | 760,314 |
Dispositions: | |||
Sales and/or transfers to assets held for sale | (136,093) | (84,819) | (176,918) |
Foreign currency translation | 12,755 | (17,670) | 11,511 |
Balance at end of period | $ 6,197,926 | $ 5,492,310 | $ 4,802,917 |
Schedule III_ Real Estate and_3
Schedule III: Real Estate and Accumulated Depreciation (Properties) (Details) | 12 Months Ended | |||
Dec. 31, 2019USD ($)loan | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 2,093,065,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,278,787,000 | |||
Buildings and Improvements | 23,393,356,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,453,580,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,283,929,000 | |||
Buildings and Improvements | 24,841,794,000 | |||
Total | 27,125,723,000 | $ 24,973,983,000 | $ 24,712,478,000 | $ 23,859,816,000 |
Accumulated Depreciation | 6,197,926,000 | $ 5,492,310,000 | $ 4,802,917,000 | $ 4,208,010,000 |
NBV | 20,927,797,000 | |||
General Acute Care Hospitals | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 112,300,000 | |||
Buildings and Improvements | 1,255,194,000 | |||
Costs Capitalized Subsequent to Acquisition | 54,095,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 109,861,000 | |||
Buildings and Improvements | 1,311,728,000 | |||
Total | 1,421,589,000 | |||
Accumulated Depreciation | 159,363,000 | |||
NBV | 1,262,226,000 | |||
Specialty Hospitals [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 48,035,000 | |||
Buildings and Improvements | 412,874,000 | |||
Costs Capitalized Subsequent to Acquisition | 68,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 47,035,000 | |||
Buildings and Improvements | 413,942,000 | |||
Total | 460,977,000 | |||
Accumulated Depreciation | 239,378,000 | |||
NBV | 221,599,000 | |||
Seniors Housing Communities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 1,450,240,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,594,669,000 | |||
Buildings and Improvements | 15,238,274,000 | |||
Costs Capitalized Subsequent to Acquisition | 932,063,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,608,280,000 | |||
Buildings and Improvements | 16,156,726,000 | |||
Total | 17,765,006,000 | |||
Accumulated Depreciation | 4,280,453,000 | |||
NBV | 13,484,553,000 | |||
Medical Office Buildings | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 390,573,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 384,350,000 | |||
Buildings and Improvements | 4,260,601,000 | |||
Costs Capitalized Subsequent to Acquisition | 355,020,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 379,826,000 | |||
Buildings and Improvements | 4,620,145,000 | |||
Total | 4,999,971,000 | |||
Accumulated Depreciation | 1,296,854,000 | |||
NBV | 3,703,117,000 | |||
Medical Office Buildings | St. Vincent's Medical Center East 46 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 25,298,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,899,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 30,197,000 | |||
Total | 30,197,000 | |||
Accumulated Depreciation | 11,335,000 | |||
NBV | $ 18,862,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St. Vincent's Medical Center East 48 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,698,000 | |||
Costs Capitalized Subsequent to Acquisition | 914,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,612,000 | |||
Total | 13,612,000 | |||
Accumulated Depreciation | 4,546,000 | |||
NBV | $ 9,066,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St. Vincent's Medical Center East 52 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,608,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,732,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,340,000 | |||
Total | 9,340,000 | |||
Accumulated Depreciation | 3,867,000 | |||
NBV | $ 5,473,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Crestwood Medical Pavilion | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 2,215,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 625,000 | |||
Buildings and Improvements | 16,178,000 | |||
Costs Capitalized Subsequent to Acquisition | 472,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 625,000 | |||
Buildings and Improvements | 16,650,000 | |||
Total | 17,275,000 | |||
Accumulated Depreciation | 4,914,000 | |||
NBV | $ 12,361,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | West Valley Medical Center, 7712 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,348,000 | |||
Buildings and Improvements | 5,233,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,348,000 | |||
Buildings and Improvements | 5,233,000 | |||
Total | 8,581,000 | |||
Accumulated Depreciation | 1,306,000 | |||
NBV | $ 7,275,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | Canyon Springs Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 27,497,000 | |||
Costs Capitalized Subsequent to Acquisition | 601,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 28,098,000 | |||
Total | 28,098,000 | |||
Accumulated Depreciation | 7,640,000 | |||
NBV | $ 20,458,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Mercy Gilbert Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 720,000 | |||
Buildings and Improvements | 11,277,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,460,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 772,000 | |||
Buildings and Improvements | 12,685,000 | |||
Total | 13,457,000 | |||
Accumulated Depreciation | 4,401,000 | |||
NBV | $ 9,056,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Mercy Gilbert II, 6831 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,033,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 18,610,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 18,610,000 | |||
Total | 18,610,000 | |||
Accumulated Depreciation | 281,000 | |||
NBV | $ 18,329,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Thunderbird Paseo Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,904,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,305,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 20,000 | |||
Buildings and Improvements | 14,189,000 | |||
Total | 14,209,000 | |||
Accumulated Depreciation | 3,915,000 | |||
NBV | $ 10,294,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Thunderbird Paseo Medical Plaza II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,100,000 | |||
Costs Capitalized Subsequent to Acquisition | 839,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 20,000 | |||
Buildings and Improvements | 8,919,000 | |||
Total | 8,939,000 | |||
Accumulated Depreciation | 2,544,000 | |||
NBV | $ 6,395,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Arrowhead Physicians Plaza, 6833 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 10,186,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 308,000 | |||
Buildings and Improvements | 19,671,000 | |||
Costs Capitalized Subsequent to Acquisition | 65,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 308,000 | |||
Buildings and Improvements | 19,736,000 | |||
Total | 20,044,000 | |||
Accumulated Depreciation | 762,000 | |||
NBV | $ 19,282,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Desert Medical Pavilion | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 32,768,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,015,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 33,783,000 | |||
Total | 33,783,000 | |||
Accumulated Depreciation | 7,109,000 | |||
NBV | $ 26,674,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Desert Samaritan Medical Building I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 11,923,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,271,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,000 | |||
Buildings and Improvements | 13,190,000 | |||
Total | 13,194,000 | |||
Accumulated Depreciation | 3,501,000 | |||
NBV | $ 9,693,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Desert Samaritan Medical Building II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,395,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,150,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,000 | |||
Buildings and Improvements | 9,541,000 | |||
Total | 9,545,000 | |||
Accumulated Depreciation | 2,434,000 | |||
NBV | $ 7,111,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Desert Samaritan Medical Building III | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,665,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,991,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 15,656,000 | |||
Total | 15,656,000 | |||
Accumulated Depreciation | 4,406,000 | |||
NBV | $ 11,250,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Deer Valley Medical Office Building II 6703 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 22,663,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,524,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 14,000 | |||
Buildings and Improvements | 24,173,000 | |||
Total | 24,187,000 | |||
Accumulated Depreciation | 6,345,000 | |||
NBV | $ 17,842,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Deer Valley Medical Office Building III 6704 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,521,000 | |||
Costs Capitalized Subsequent to Acquisition | 492,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 12,000 | |||
Buildings and Improvements | 20,001,000 | |||
Total | 20,013,000 | |||
Accumulated Depreciation | 5,597,000 | |||
NBV | $ 14,416,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Papago Medical Park 6710 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,172,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,202,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 14,374,000 | |||
Total | 14,374,000 | |||
Accumulated Depreciation | 4,148,000 | |||
NBV | $ 10,226,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | North Valley Orthopedic Building Surgery Center, 7711 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,800,000 | |||
Buildings and Improvements | 10,150,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,800,000 | |||
Buildings and Improvements | 10,150,000 | |||
Total | 12,950,000 | |||
Accumulated Depreciation | 1,898,000 | |||
NBV | $ 11,052,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Davita Dialysis, Marked Tree, 7710 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 179,000 | |||
Buildings and Improvements | 1,580,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 179,000 | |||
Buildings and Improvements | 1,580,000 | |||
Total | 1,759,000 | |||
Accumulated Depreciation | 320,000 | |||
NBV | $ 1,439,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Burbank Medical Plaza, 6809 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,241,000 | |||
Buildings and Improvements | 23,322,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,094,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,268,000 | |||
Buildings and Improvements | 25,389,000 | |||
Total | 26,657,000 | |||
Accumulated Depreciation | 8,022,000 | |||
NBV | $ 18,635,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Burbank Medical Plaza II, 6827 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 32,328,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 491,000 | |||
Buildings and Improvements | 45,641,000 | |||
Costs Capitalized Subsequent to Acquisition | 586,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 497,000 | |||
Buildings and Improvements | 46,221,000 | |||
Total | 46,718,000 | |||
Accumulated Depreciation | 12,661,000 | |||
NBV | $ 34,057,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Eden Medical Plaza, 6808 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 258,000 | |||
Buildings and Improvements | 2,455,000 | |||
Costs Capitalized Subsequent to Acquisition | 416,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 328,000 | |||
Buildings and Improvements | 2,801,000 | |||
Total | 3,129,000 | |||
Accumulated Depreciation | 1,513,000 | |||
NBV | $ 1,616,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Sutter Medical Center 6828 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 25,088,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,415,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 26,503,000 | |||
Total | 26,503,000 | |||
Accumulated Depreciation | 5,328,000 | |||
NBV | $ 21,175,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | United Healthcare, Cypress, 7716 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 12,883,000 | |||
Buildings and Improvements | 38,309,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 12,883,000 | |||
Buildings and Improvements | 38,316,000 | |||
Total | 51,199,000 | |||
Accumulated Depreciation | 9,126,000 | |||
NBV | $ 42,073,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | 2959, North Bay Corporate Headquarters | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,187,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,187,000 | |||
Total | 19,187,000 | |||
Accumulated Depreciation | 4,286,000 | |||
NBV | $ 14,901,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2960, Gateway Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,872,000 | |||
Costs Capitalized Subsequent to Acquisition | 328,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,200,000 | |||
Total | 13,200,000 | |||
Accumulated Depreciation | 2,893,000 | |||
NBV | $ 10,307,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2961, Solano North Bay Health Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,880,000 | |||
Costs Capitalized Subsequent to Acquisition | 39,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,919,000 | |||
Total | 8,919,000 | |||
Accumulated Depreciation | 1,988,000 | |||
NBV | $ 6,931,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2964, NorthBay Healthcare MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,507,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,280,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,787,000 | |||
Total | 10,787,000 | |||
Accumulated Depreciation | 3,149,000 | |||
NBV | $ 7,638,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7713, UC Davis Medical | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,873,000 | |||
Buildings and Improvements | 10,156,000 | |||
Costs Capitalized Subsequent to Acquisition | 224,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,873,000 | |||
Buildings and Improvements | 10,380,000 | |||
Total | 12,253,000 | |||
Accumulated Depreciation | 2,076,000 | |||
NBV | $ 10,177,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Verdugo Hills Professional Bldg I, 6620 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,683,000 | |||
Buildings and Improvements | 9,589,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,298,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,726,000 | |||
Buildings and Improvements | 11,844,000 | |||
Total | 18,570,000 | |||
Accumulated Depreciation | 4,890,000 | |||
NBV | $ 13,680,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | Verdugo Hills Professional Bldg 2, 6621 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,464,000 | |||
Buildings and Improvements | 3,731,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,809,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,514,000 | |||
Buildings and Improvements | 6,490,000 | |||
Total | 11,004,000 | |||
Accumulated Depreciation | 3,408,000 | |||
NBV | $ 7,596,000 | |||
Life on Which Depreciation in Income Statement is Computed | 19 years | |||
Medical Office Buildings | Grossmont Medical Terrace, 6830 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 88,000 | |||
Buildings and Improvements | 14,192,000 | |||
Costs Capitalized Subsequent to Acquisition | 322,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 88,000 | |||
Buildings and Improvements | 14,514,000 | |||
Total | 14,602,000 | |||
Accumulated Depreciation | 1,872,000 | |||
NBV | $ 12,730,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Los Alamitos Medical & Wellness Pavilion, 6832 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 11,838,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 488,000 | |||
Buildings and Improvements | 31,720,000 | |||
Costs Capitalized Subsequent to Acquisition | 22,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 488,000 | |||
Buildings and Improvements | 31,742,000 | |||
Total | 32,230,000 | |||
Accumulated Depreciation | 1,226,000 | |||
NBV | $ 31,004,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St. Francis Lynwood Medical, 6810 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 688,000 | |||
Buildings and Improvements | 8,385,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,857,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 697,000 | |||
Buildings and Improvements | 10,233,000 | |||
Total | 10,930,000 | |||
Accumulated Depreciation | 4,396,000 | |||
NBV | $ 6,534,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | Facey Mission Hills, 6824 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 15,468,000 | |||
Buildings and Improvements | 30,116,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,729,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 15,468,000 | |||
Buildings and Improvements | 34,845,000 | |||
Total | 50,313,000 | |||
Accumulated Depreciation | 7,077,000 | |||
NBV | $ 43,236,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Mission Medical Plaza, 6816 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 54,019,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,916,000 | |||
Buildings and Improvements | 77,022,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,838,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,916,000 | |||
Buildings and Improvements | 78,860,000 | |||
Total | 80,776,000 | |||
Accumulated Depreciation | 22,403,000 | |||
NBV | $ 58,373,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St Joseph Medical Tower, 6817 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 43,121,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,752,000 | |||
Buildings and Improvements | 61,647,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,745,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,761,000 | |||
Buildings and Improvements | 64,383,000 | |||
Total | 66,144,000 | |||
Accumulated Depreciation | 18,307,000 | |||
NBV | $ 47,837,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Huntington Pavilion, 6823 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,138,000 | |||
Buildings and Improvements | 83,412,000 | |||
Costs Capitalized Subsequent to Acquisition | 10,142,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,138,000 | |||
Buildings and Improvements | 93,554,000 | |||
Total | 96,692,000 | |||
Accumulated Depreciation | 32,070,000 | |||
NBV | $ 64,622,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Western University of Health Sciences Medical Pavilion, 6826 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 91,000 | |||
Buildings and Improvements | 31,523,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 91,000 | |||
Buildings and Improvements | 31,523,000 | |||
Total | 31,614,000 | |||
Accumulated Depreciation | 8,496,000 | |||
NBV | $ 23,118,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Pomerado Outpatient Pavilion, 6815 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,233,000 | |||
Buildings and Improvements | 71,435,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,108,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,233,000 | |||
Buildings and Improvements | 74,543,000 | |||
Total | 77,776,000 | |||
Accumulated Depreciation | 23,174,000 | |||
NBV | $ 54,602,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | San Bernadino Medical Plaza I, 6820 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 789,000 | |||
Buildings and Improvements | 11,133,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,511,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 797,000 | |||
Buildings and Improvements | 12,636,000 | |||
Total | 13,433,000 | |||
Accumulated Depreciation | 11,424,000 | |||
NBV | $ 2,009,000 | |||
Life on Which Depreciation in Income Statement is Computed | 27 years | |||
Medical Office Buildings | San Bernadino Medical Plaza II, 6821 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 416,000 | |||
Buildings and Improvements | 5,625,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,165,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 421,000 | |||
Buildings and Improvements | 6,785,000 | |||
Total | 7,206,000 | |||
Accumulated Depreciation | 3,712,000 | |||
NBV | $ 3,494,000 | |||
Life on Which Depreciation in Income Statement is Computed | 26 years | |||
Medical Office Buildings | Sutter Van Ness, 6829 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 102,249,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 157,404,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 157,404,000 | |||
Total | 157,404,000 | |||
Accumulated Depreciation | 3,517,000 | |||
NBV | 153,887,000 | |||
Medical Office Buildings | San Gabriel Valley Medical, 6811 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 914,000 | |||
Buildings and Improvements | 5,510,000 | |||
Costs Capitalized Subsequent to Acquisition | 948,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 963,000 | |||
Buildings and Improvements | 6,409,000 | |||
Total | 7,372,000 | |||
Accumulated Depreciation | 2,969,000 | |||
NBV | $ 4,403,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Santa Clarita Valley Medical, 6812 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 21,370,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,708,000 | |||
Buildings and Improvements | 20,020,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,951,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,782,000 | |||
Buildings and Improvements | 21,897,000 | |||
Total | 31,679,000 | |||
Accumulated Depreciation | 6,802,000 | |||
NBV | $ 24,877,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Kenneth E Watts Medical Plaza, 6825 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 262,000 | |||
Buildings and Improvements | 6,945,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,435,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 343,000 | |||
Buildings and Improvements | 10,299,000 | |||
Total | 10,642,000 | |||
Accumulated Depreciation | 4,679,000 | |||
NBV | $ 5,963,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | Vaca Valley Health Plaza, 2962 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,634,000 | |||
Costs Capitalized Subsequent to Acquisition | 716,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,350,000 | |||
Total | 10,350,000 | |||
Accumulated Depreciation | 2,184,000 | |||
NBV | $ 8,166,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Northbay Center for Primary Care - Vacaville, 2965 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 777,000 | |||
Buildings and Improvements | 5,632,000 | |||
Costs Capitalized Subsequent to Acquisition | 300,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 777,000 | |||
Buildings and Improvements | 5,932,000 | |||
Total | 6,709,000 | |||
Accumulated Depreciation | 468,000 | |||
NBV | $ 6,241,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Potomac Medical Plaza, 2951 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,401,000 | |||
Buildings and Improvements | 9,118,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,190,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,800,000 | |||
Buildings and Improvements | 12,909,000 | |||
Total | 15,709,000 | |||
Accumulated Depreciation | 6,594,000 | |||
NBV | $ 9,115,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Briargate Medical Campus, 2952 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,238,000 | |||
Buildings and Improvements | 12,301,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,134,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,269,000 | |||
Buildings and Improvements | 13,404,000 | |||
Total | 14,673,000 | |||
Accumulated Depreciation | 5,443,000 | |||
NBV | $ 9,230,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Printers Park Medical Plaza, 2953 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,641,000 | |||
Buildings and Improvements | 47,507,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,367,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,652,000 | |||
Buildings and Improvements | 50,863,000 | |||
Total | 53,515,000 | |||
Accumulated Depreciation | 20,884,000 | |||
NBV | $ 32,631,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Green Valley Ranch Medical Office Building, 2963 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 5,130,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,139,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,177,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 235,000 | |||
Buildings and Improvements | 13,081,000 | |||
Total | 13,316,000 | |||
Accumulated Depreciation | 2,703,000 | |||
NBV | $ 10,613,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6311, Exempla Good Samaritan Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,393,000 | |||
Costs Capitalized Subsequent to Acquisition | (75,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,318,000 | |||
Total | 4,318,000 | |||
Accumulated Depreciation | 751,000 | |||
NBV | $ 3,567,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7717, Dakota Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,540,000 | |||
Buildings and Improvements | 12,901,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,027,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,549,000 | |||
Buildings and Improvements | 14,919,000 | |||
Total | 17,468,000 | |||
Accumulated Depreciation | 2,487,000 | |||
NBV | $ 14,981,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2956, Avista Two Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 17,330,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,882,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,212,000 | |||
Total | 19,212,000 | |||
Accumulated Depreciation | 7,333,000 | |||
NBV | $ 11,879,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3071, The Sierra Medical Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,444,000 | |||
Buildings and Improvements | 14,059,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,366,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,516,000 | |||
Buildings and Improvements | 17,353,000 | |||
Total | 18,869,000 | |||
Accumulated Depreciation | 8,074,000 | |||
NBV | $ 10,795,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6730, Crown Point Healthcare Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 852,000 | |||
Buildings and Improvements | 5,210,000 | |||
Costs Capitalized Subsequent to Acquisition | 167,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 855,000 | |||
Buildings and Improvements | 5,374,000 | |||
Total | 6,229,000 | |||
Accumulated Depreciation | 1,256,000 | |||
NBV | $ 4,973,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6320, Lutheran Medical Office Building II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,655,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,324,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,979,000 | |||
Total | 3,979,000 | |||
Accumulated Depreciation | 1,834,000 | |||
NBV | $ 2,145,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6321, Lutheran Medical Office Building IV | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,266,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,431,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,697,000 | |||
Total | 9,697,000 | |||
Accumulated Depreciation | 3,417,000 | |||
NBV | $ 6,280,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6322, Lutheran Medical Office Building III | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 11,947,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,673,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,620,000 | |||
Total | 13,620,000 | |||
Accumulated Depreciation | 4,327,000 | |||
NBV | $ 9,293,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6390, DePaul Professional Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,424,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,724,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,148,000 | |||
Total | 9,148,000 | |||
Accumulated Depreciation | 4,256,000 | |||
NBV | $ 4,892,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6391, Providence Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,473,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,214,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,687,000 | |||
Total | 3,687,000 | |||
Accumulated Depreciation | 1,838,000 | |||
NBV | $ 1,849,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2932, RTS Cape Coral | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 368,000 | |||
Buildings and Improvements | 5,448,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 368,000 | |||
Buildings and Improvements | 5,448,000 | |||
Total | 5,816,000 | |||
Accumulated Depreciation | 1,596,000 | |||
NBV | $ 4,220,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 2934, RTS Ft. Myers | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,153,000 | |||
Buildings and Improvements | 4,127,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,153,000 | |||
Buildings and Improvements | 4,127,000 | |||
Total | 5,280,000 | |||
Accumulated Depreciation | 1,451,000 | |||
NBV | $ 3,829,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | 2935, RTS Key West | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 486,000 | |||
Buildings and Improvements | 4,380,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 486,000 | |||
Buildings and Improvements | 4,380,000 | |||
Total | 4,866,000 | |||
Accumulated Depreciation | 1,146,000 | |||
NBV | $ 3,720,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2902, JFK Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 453,000 | |||
Buildings and Improvements | 1,711,000 | |||
Costs Capitalized Subsequent to Acquisition | (147,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,017,000 | |||
Total | 2,017,000 | |||
Accumulated Depreciation | 921,000 | |||
NBV | $ 1,096,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7739, East Pointe Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 327,000 | |||
Buildings and Improvements | 11,816,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 327,000 | |||
Buildings and Improvements | 11,816,000 | |||
Total | 12,143,000 | |||
Accumulated Depreciation | 2,039,000 | |||
NBV | $ 10,104,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2903, Palms West Building 6 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 965,000 | |||
Buildings and Improvements | 2,678,000 | |||
Costs Capitalized Subsequent to Acquisition | (811,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,832,000 | |||
Total | 2,832,000 | |||
Accumulated Depreciation | 1,286,000 | |||
NBV | $ 1,546,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7740, Bay Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,215,000 | |||
Buildings and Improvements | 15,041,000 | |||
Costs Capitalized Subsequent to Acquisition | (13,601,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,644,000 | |||
Buildings and Improvements | 2,011,000 | |||
Total | 5,655,000 | |||
Accumulated Depreciation | 2,376,000 | |||
NBV | $ 3,279,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2938, RTS Naples | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,152,000 | |||
Buildings and Improvements | 3,726,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,152,000 | |||
Buildings and Improvements | 3,726,000 | |||
Total | 4,878,000 | |||
Accumulated Depreciation | 1,105,000 | |||
NBV | $ 3,773,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7741, Bay Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 82,000 | |||
Buildings and Improvements | 17,400,000 | |||
Costs Capitalized Subsequent to Acquisition | (10,999,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 25,000 | |||
Buildings and Improvements | 6,458,000 | |||
Total | 6,483,000 | |||
Accumulated Depreciation | 2,389,000 | |||
NBV | $ 4,094,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2939, RTS Pt. Charlotte | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 966,000 | |||
Buildings and Improvements | 4,581,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 966,000 | |||
Buildings and Improvements | 4,581,000 | |||
Total | 5,547,000 | |||
Accumulated Depreciation | 1,423,000 | |||
NBV | $ 4,124,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 2940, RTS Sarasota | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,914,000 | |||
Buildings and Improvements | 3,889,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,914,000 | |||
Buildings and Improvements | 3,889,000 | |||
Total | 5,803,000 | |||
Accumulated Depreciation | 1,274,000 | |||
NBV | $ 4,529,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7743, Capital Regional MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 8,773,000 | |||
Costs Capitalized Subsequent to Acquisition | (324,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 193,000 | |||
Buildings and Improvements | 8,846,000 | |||
Total | 9,039,000 | |||
Accumulated Depreciation | 1,386,000 | |||
NBV | $ 7,653,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7746, Athens Medical Complex | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,826,000 | |||
Buildings and Improvements | 18,339,000 | |||
Costs Capitalized Subsequent to Acquisition | 45,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,826,000 | |||
Buildings and Improvements | 18,384,000 | |||
Total | 21,210,000 | |||
Accumulated Depreciation | 3,274,000 | |||
NBV | $ 17,936,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6130, Doctors Center at St Josephs Hospital | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 545,000 | |||
Buildings and Improvements | 80,152,000 | |||
Costs Capitalized Subsequent to Acquisition | 23,318,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 545,000 | |||
Buildings and Improvements | 103,470,000 | |||
Total | 104,015,000 | |||
Accumulated Depreciation | 20,024,000 | |||
NBV | $ 83,991,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | 6560, Augusta POB I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 7,894,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,364,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 10,258,000 | |||
Total | 10,491,000 | |||
Accumulated Depreciation | 6,069,000 | |||
NBV | $ 4,422,000 | |||
Life on Which Depreciation in Income Statement is Computed | 14 years | |||
Medical Office Buildings | 6561, Augusta POB, II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 735,000 | |||
Buildings and Improvements | 13,717,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,211,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 735,000 | |||
Buildings and Improvements | 17,928,000 | |||
Total | 18,663,000 | |||
Accumulated Depreciation | 6,530,000 | |||
NBV | $ 12,133,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | 6562, Augusta POB, III | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 535,000 | |||
Buildings and Improvements | 3,857,000 | |||
Costs Capitalized Subsequent to Acquisition | 828,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 535,000 | |||
Buildings and Improvements | 4,685,000 | |||
Total | 5,220,000 | |||
Accumulated Depreciation | 2,404,000 | |||
NBV | $ 2,816,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | 6563, Augusta POB, IV | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 675,000 | |||
Buildings and Improvements | 2,182,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,190,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 691,000 | |||
Buildings and Improvements | 4,356,000 | |||
Total | 5,047,000 | |||
Accumulated Depreciation | 2,301,000 | |||
NBV | $ 2,746,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | 3008, Cobb Physicians Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,145,000 | |||
Buildings and Improvements | 16,805,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,664,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,145,000 | |||
Buildings and Improvements | 18,469,000 | |||
Total | 19,614,000 | |||
Accumulated Depreciation | 6,715,000 | |||
NBV | $ 12,899,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6565, Summit Professional Plaza I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,821,000 | |||
Buildings and Improvements | 2,974,000 | |||
Costs Capitalized Subsequent to Acquisition | 286,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,821,000 | |||
Buildings and Improvements | 3,260,000 | |||
Total | 5,081,000 | |||
Accumulated Depreciation | 3,395,000 | |||
NBV | $ 1,686,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | 6566, Summit Professional Plaza II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 981,000 | |||
Buildings and Improvements | 13,818,000 | |||
Costs Capitalized Subsequent to Acquisition | 252,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 981,000 | |||
Buildings and Improvements | 14,070,000 | |||
Total | 15,051,000 | |||
Accumulated Depreciation | 4,413,000 | |||
NBV | $ 10,638,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7745, Fayette MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 895,000 | |||
Buildings and Improvements | 20,669,000 | |||
Costs Capitalized Subsequent to Acquisition | 829,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 895,000 | |||
Buildings and Improvements | 21,498,000 | |||
Total | 22,393,000 | |||
Accumulated Depreciation | 3,842,000 | |||
NBV | $ 18,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7749, Northside East Cobb, 1121 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,495,000 | |||
Buildings and Improvements | 16,028,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,930,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,586,000 | |||
Buildings and Improvements | 17,867,000 | |||
Total | 23,453,000 | |||
Accumulated Depreciation | 3,269,000 | |||
NBV | $ 20,184,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7744, PAPP Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,167,000 | |||
Buildings and Improvements | 5,477,000 | |||
Costs Capitalized Subsequent to Acquisition | 68,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,167,000 | |||
Buildings and Improvements | 5,545,000 | |||
Total | 7,712,000 | |||
Accumulated Depreciation | 1,441,000 | |||
NBV | $ 6,271,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | 3009, Parkway Physicians Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 476,000 | |||
Buildings and Improvements | 10,017,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,327,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 476,000 | |||
Buildings and Improvements | 11,344,000 | |||
Total | 11,820,000 | |||
Accumulated Depreciation | 3,959,000 | |||
NBV | $ 7,861,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7748, Riverdale MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,025,000 | |||
Buildings and Improvements | 9,783,000 | |||
Costs Capitalized Subsequent to Acquisition | 259,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,025,000 | |||
Buildings and Improvements | 10,042,000 | |||
Total | 11,067,000 | |||
Accumulated Depreciation | 1,980,000 | |||
NBV | $ 9,087,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7769, Rush Copley POB I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 120,000 | |||
Buildings and Improvements | 27,882,000 | |||
Costs Capitalized Subsequent to Acquisition | 505,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 120,000 | |||
Buildings and Improvements | 28,387,000 | |||
Total | 28,507,000 | |||
Accumulated Depreciation | 5,035,000 | |||
NBV | $ 23,472,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 7770, Rush Copley POB II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 49,000 | |||
Buildings and Improvements | 27,217,000 | |||
Costs Capitalized Subsequent to Acquisition | 471,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 49,000 | |||
Buildings and Improvements | 27,688,000 | |||
Total | 27,737,000 | |||
Accumulated Depreciation | 4,683,000 | |||
NBV | $ 23,054,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6722, Good Shepherd Physician Office Building I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 152,000 | |||
Buildings and Improvements | 3,224,000 | |||
Costs Capitalized Subsequent to Acquisition | 785,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 152,000 | |||
Buildings and Improvements | 4,009,000 | |||
Total | 4,161,000 | |||
Accumulated Depreciation | 807,000 | |||
NBV | $ 3,354,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6723, Good Shepherd Physician Office Building II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 512,000 | |||
Buildings and Improvements | 12,977,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,160,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 512,000 | |||
Buildings and Improvements | 14,137,000 | |||
Total | 14,649,000 | |||
Accumulated Depreciation | 3,155,000 | |||
NBV | $ 11,494,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6725, Trinity Hospital Physician Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 139,000 | |||
Buildings and Improvements | 3,329,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,521,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 139,000 | |||
Buildings and Improvements | 4,850,000 | |||
Total | 4,989,000 | |||
Accumulated Depreciation | 1,272,000 | |||
NBV | $ 3,717,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7767, Advocate Beverly Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,227,000 | |||
Buildings and Improvements | 10,140,000 | |||
Costs Capitalized Subsequent to Acquisition | 355,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,231,000 | |||
Buildings and Improvements | 10,491,000 | |||
Total | 12,722,000 | |||
Accumulated Depreciation | 2,675,000 | |||
NBV | $ 10,047,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 7771, Crystal Lakes Medical Arts | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,490,000 | |||
Buildings and Improvements | 19,504,000 | |||
Costs Capitalized Subsequent to Acquisition | 389,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,535,000 | |||
Buildings and Improvements | 19,848,000 | |||
Total | 22,383,000 | |||
Accumulated Depreciation | 3,687,000 | |||
NBV | $ 18,696,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7772, Advocate Good Shephard | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,444,000 | |||
Buildings and Improvements | 10,953,000 | |||
Costs Capitalized Subsequent to Acquisition | 926,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,444,000 | |||
Buildings and Improvements | 11,879,000 | |||
Total | 14,323,000 | |||
Accumulated Depreciation | 2,455,000 | |||
NBV | $ 11,868,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years | |||
Medical Office Buildings | 6400, Physicians Plaza East | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 791,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,522,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,313,000 | |||
Total | 3,313,000 | |||
Accumulated Depreciation | 1,210,000 | |||
NBV | $ 2,103,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6401, Physicians Plaza West | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,943,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,204,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,147,000 | |||
Total | 3,147,000 | |||
Accumulated Depreciation | 1,252,000 | |||
NBV | $ 1,895,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6404, Kenwood Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,900,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,778,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,678,000 | |||
Total | 7,678,000 | |||
Accumulated Depreciation | 3,028,000 | |||
NBV | $ 4,650,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6405, 304 W Hay Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,702,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,080,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 29,000 | |||
Buildings and Improvements | 10,753,000 | |||
Total | 10,782,000 | |||
Accumulated Depreciation | 3,630,000 | |||
NBV | $ 7,152,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6406, 302 W Hay Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,467,000 | |||
Costs Capitalized Subsequent to Acquisition | 858,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,325,000 | |||
Total | 4,325,000 | |||
Accumulated Depreciation | 1,773,000 | |||
NBV | $ 2,552,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6407, ENTA | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,150,000 | |||
Costs Capitalized Subsequent to Acquisition | 16,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,166,000 | |||
Total | 1,166,000 | |||
Accumulated Depreciation | 484,000 | |||
NBV | $ 682,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6408, 301 W Hay Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 640,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 640,000 | |||
Total | 640,000 | |||
Accumulated Depreciation | 357,000 | |||
NBV | $ 283,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6409, South Shore Medical Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 902,000 | |||
Buildings and Improvements | 129,000 | |||
Costs Capitalized Subsequent to Acquisition | 56,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 958,000 | |||
Buildings and Improvements | 129,000 | |||
Total | 1,087,000 | |||
Accumulated Depreciation | 219,000 | |||
NBV | $ 868,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6410, SIU Family Practice | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,689,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,520,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,209,000 | |||
Total | 3,209,000 | |||
Accumulated Depreciation | 1,137,000 | |||
NBV | $ 2,072,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6411, Corporate Health Services | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 934,000 | |||
Buildings and Improvements | 1,386,000 | |||
Costs Capitalized Subsequent to Acquisition | 168,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 943,000 | |||
Buildings and Improvements | 1,545,000 | |||
Total | 2,488,000 | |||
Accumulated Depreciation | 707,000 | |||
NBV | $ 1,781,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6412, Rock Springs Medical | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 399,000 | |||
Buildings and Improvements | 495,000 | |||
Costs Capitalized Subsequent to Acquisition | 109,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 399,000 | |||
Buildings and Improvements | 604,000 | |||
Total | 1,003,000 | |||
Accumulated Depreciation | 273,000 | |||
NBV | $ 730,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6420, 575 W Hay Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 111,000 | |||
Buildings and Improvements | 739,000 | |||
Costs Capitalized Subsequent to Acquisition | 24,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 111,000 | |||
Buildings and Improvements | 763,000 | |||
Total | 874,000 | |||
Accumulated Depreciation | 340,000 | |||
NBV | $ 534,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6720, Good Samaritan Physician Office Building I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 407,000 | |||
Buildings and Improvements | 10,337,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,270,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 407,000 | |||
Buildings and Improvements | 11,607,000 | |||
Total | 12,014,000 | |||
Accumulated Depreciation | 2,657,000 | |||
NBV | $ 9,357,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6721, Good Samaritan Physician Office Building II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,013,000 | |||
Buildings and Improvements | 25,370,000 | |||
Costs Capitalized Subsequent to Acquisition | 862,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,013,000 | |||
Buildings and Improvements | 26,232,000 | |||
Total | 27,245,000 | |||
Accumulated Depreciation | 5,814,000 | |||
NBV | $ 21,431,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2954, Eberle Medical Office Building ("Eberle MOB") | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 16,315,000 | |||
Costs Capitalized Subsequent to Acquisition | 883,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 17,198,000 | |||
Total | 17,198,000 | |||
Accumulated Depreciation | 7,371,000 | |||
NBV | $ 9,827,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2971, 1425 Hunt Club Road MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 249,000 | |||
Buildings and Improvements | 1,452,000 | |||
Costs Capitalized Subsequent to Acquisition | 889,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 352,000 | |||
Buildings and Improvements | 2,238,000 | |||
Total | 2,590,000 | |||
Accumulated Depreciation | 921,000 | |||
NBV | $ 1,669,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 2972, 1445 Hunt Club Drive | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 216,000 | |||
Buildings and Improvements | 1,405,000 | |||
Costs Capitalized Subsequent to Acquisition | 370,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 216,000 | |||
Buildings and Improvements | 1,775,000 | |||
Total | 1,991,000 | |||
Accumulated Depreciation | 957,000 | |||
NBV | $ 1,034,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | 2973, Gurnee Imaging Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 82,000 | |||
Buildings and Improvements | 2,731,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 82,000 | |||
Buildings and Improvements | 2,731,000 | |||
Total | 2,813,000 | |||
Accumulated Depreciation | 848,000 | |||
NBV | $ 1,965,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2974, Gurnee Center Club | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 627,000 | |||
Buildings and Improvements | 17,851,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 627,000 | |||
Buildings and Improvements | 17,851,000 | |||
Total | 18,478,000 | |||
Accumulated Depreciation | 5,687,000 | |||
NBV | $ 12,791,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6726, South Suburban Hospital Physician Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 191,000 | |||
Buildings and Improvements | 4,370,000 | |||
Costs Capitalized Subsequent to Acquisition | 850,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 191,000 | |||
Buildings and Improvements | 5,220,000 | |||
Total | 5,411,000 | |||
Accumulated Depreciation | 1,281,000 | |||
NBV | $ 4,130,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2970, 755 Milwaukee MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 421,000 | |||
Buildings and Improvements | 3,716,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,292,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 6,799,000 | |||
Total | 7,429,000 | |||
Accumulated Depreciation | 3,497,000 | |||
NBV | $ 3,932,000 | |||
Life on Which Depreciation in Income Statement is Computed | 18 years | |||
Medical Office Buildings | 2979, 890 Professional MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 214,000 | |||
Buildings and Improvements | 2,630,000 | |||
Costs Capitalized Subsequent to Acquisition | 568,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 214,000 | |||
Buildings and Improvements | 3,198,000 | |||
Total | 3,412,000 | |||
Accumulated Depreciation | 1,334,000 | |||
NBV | $ 2,078,000 | |||
Life on Which Depreciation in Income Statement is Computed | 26 years | |||
Medical Office Buildings | 2980, Libertyville Center Club | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 17,176,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 17,176,000 | |||
Total | 18,196,000 | |||
Accumulated Depreciation | 5,748,000 | |||
NBV | $ 12,448,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6724, Christ Medical Center Physician Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 658,000 | |||
Buildings and Improvements | 16,421,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,843,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 658,000 | |||
Buildings and Improvements | 19,264,000 | |||
Total | 19,922,000 | |||
Accumulated Depreciation | 3,767,000 | |||
NBV | $ 16,155,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7718, Methodist North MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,025,000 | |||
Buildings and Improvements | 29,493,000 | |||
Costs Capitalized Subsequent to Acquisition | 15,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,025,000 | |||
Buildings and Improvements | 29,508,000 | |||
Total | 30,533,000 | |||
Accumulated Depreciation | 5,180,000 | |||
NBV | $ 25,353,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7768, Davita Dialysis-Rockford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 256,000 | |||
Buildings and Improvements | 2,543,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 256,000 | |||
Buildings and Improvements | 2,543,000 | |||
Total | 2,799,000 | |||
Accumulated Depreciation | 526,000 | |||
NBV | $ 2,273,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2975, Round Lake ACC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 758,000 | |||
Buildings and Improvements | 370,000 | |||
Costs Capitalized Subsequent to Acquisition | 402,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 799,000 | |||
Buildings and Improvements | 731,000 | |||
Total | 1,530,000 | |||
Accumulated Depreciation | 650,000 | |||
NBV | $ 880,000 | |||
Life on Which Depreciation in Income Statement is Computed | 13 years | |||
Medical Office Buildings | 2976, Vernon Hills Acute Care Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,376,000 | |||
Buildings and Improvements | 694,000 | |||
Costs Capitalized Subsequent to Acquisition | 416,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,413,000 | |||
Buildings and Improvements | 1,073,000 | |||
Total | 4,486,000 | |||
Accumulated Depreciation | 852,000 | |||
NBV | $ 3,634,000 | |||
Life on Which Depreciation in Income Statement is Computed | 15 years | |||
Medical Office Buildings | 6300, Wilbur S. Roby Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,653,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,159,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 3,812,000 | |||
Total | 3,812,000 | |||
Accumulated Depreciation | 1,822,000 | |||
NBV | $ 1,990,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6301, Ambulatory Services Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,266,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,926,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,192,000 | |||
Total | 6,192,000 | |||
Accumulated Depreciation | 2,952,000 | |||
NBV | $ 3,240,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6302, St. John's Medical Arts Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,281,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,050,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,331,000 | |||
Total | 4,331,000 | |||
Accumulated Depreciation | 1,779,000 | |||
NBV | $ 2,552,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6000, Carmel I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 466,000 | |||
Buildings and Improvements | 5,954,000 | |||
Costs Capitalized Subsequent to Acquisition | 708,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 466,000 | |||
Buildings and Improvements | 6,662,000 | |||
Total | 7,128,000 | |||
Accumulated Depreciation | 2,470,000 | |||
NBV | $ 4,658,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | 6001, Carmel II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 455,000 | |||
Buildings and Improvements | 5,976,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,046,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 455,000 | |||
Buildings and Improvements | 7,022,000 | |||
Total | 7,477,000 | |||
Accumulated Depreciation | 2,327,000 | |||
NBV | $ 5,150,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years | |||
Medical Office Buildings | 6003, Carmel III | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 422,000 | |||
Buildings and Improvements | 6,194,000 | |||
Costs Capitalized Subsequent to Acquisition | 857,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 422,000 | |||
Buildings and Improvements | 7,051,000 | |||
Total | 7,473,000 | |||
Accumulated Depreciation | 2,225,000 | |||
NBV | $ 5,248,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3090, Elkhart | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,256,000 | |||
Buildings and Improvements | 1,973,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,256,000 | |||
Buildings and Improvements | 1,973,000 | |||
Total | 3,229,000 | |||
Accumulated Depreciation | 1,443,000 | |||
NBV | $ 1,786,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | 7777, Lutheran Medical Arts | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 702,000 | |||
Buildings and Improvements | 13,576,000 | |||
Costs Capitalized Subsequent to Acquisition | 148,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 702,000 | |||
Buildings and Improvements | 13,724,000 | |||
Total | 14,426,000 | |||
Accumulated Depreciation | 2,413,000 | |||
NBV | $ 12,013,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7778, Dupont Road MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 633,000 | |||
Buildings and Improvements | 13,479,000 | |||
Costs Capitalized Subsequent to Acquisition | 313,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 672,000 | |||
Buildings and Improvements | 13,753,000 | |||
Total | 14,425,000 | |||
Accumulated Depreciation | 2,645,000 | |||
NBV | $ 11,780,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6004, Harcourt Professional Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 519,000 | |||
Buildings and Improvements | 28,951,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,610,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 519,000 | |||
Buildings and Improvements | 33,561,000 | |||
Total | 34,080,000 | |||
Accumulated Depreciation | 10,892,000 | |||
NBV | $ 23,188,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | 6005, Cardiac Professional Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 498,000 | |||
Buildings and Improvements | 27,430,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,092,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 498,000 | |||
Buildings and Improvements | 29,522,000 | |||
Total | 30,020,000 | |||
Accumulated Depreciation | 7,988,000 | |||
NBV | $ 22,032,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6006, Oncology Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 5,703,000 | |||
Costs Capitalized Subsequent to Acquisition | 432,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 6,135,000 | |||
Total | 6,605,000 | |||
Accumulated Depreciation | 2,085,000 | |||
NBV | $ 4,520,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6008, CorVasc Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 514,000 | |||
Buildings and Improvements | 9,617,000 | |||
Costs Capitalized Subsequent to Acquisition | 533,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 871,000 | |||
Buildings and Improvements | 9,793,000 | |||
Total | 10,664,000 | |||
Accumulated Depreciation | 1,315,000 | |||
NBV | $ 9,349,000 | |||
Life on Which Depreciation in Income Statement is Computed | 36 years | |||
Medical Office Buildings | 6120, St. Francis South Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 20,649,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,586,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,000 | |||
Buildings and Improvements | 22,228,000 | |||
Total | 22,235,000 | |||
Accumulated Depreciation | 5,153,000 | |||
NBV | $ 17,082,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6600, Methodist Professional Center I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 37,411,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,000,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 44,411,000 | |||
Total | 44,472,000 | |||
Accumulated Depreciation | 14,748,000 | |||
NBV | $ 29,724,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6745, Indiana Orthopedic Center of Excellence | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 967,000 | |||
Buildings and Improvements | 83,746,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,106,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 967,000 | |||
Buildings and Improvements | 86,852,000 | |||
Total | 87,819,000 | |||
Accumulated Depreciation | 12,320,000 | |||
NBV | $ 75,499,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7776, United Healthcare | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,737,000 | |||
Buildings and Improvements | 32,116,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,737,000 | |||
Buildings and Improvements | 32,116,000 | |||
Total | 37,853,000 | |||
Accumulated Depreciation | 6,066,000 | |||
NBV | $ 31,787,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3091, LaPorte | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 553,000 | |||
Buildings and Improvements | 1,309,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 553,000 | |||
Buildings and Improvements | 1,309,000 | |||
Total | 1,862,000 | |||
Accumulated Depreciation | 620,000 | |||
NBV | $ 1,242,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 3092, Mishawaka | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,787,000 | |||
Buildings and Improvements | 5,543,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,787,000 | |||
Buildings and Improvements | 5,543,000 | |||
Total | 9,330,000 | |||
Accumulated Depreciation | 4,212,000 | |||
NBV | $ 5,118,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7773, Cancer Care Partners | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,162,000 | |||
Buildings and Improvements | 28,633,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,162,000 | |||
Buildings and Improvements | 28,633,000 | |||
Total | 31,795,000 | |||
Accumulated Depreciation | 4,903,000 | |||
NBV | $ 26,892,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7774, Michiana Oncology | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,577,000 | |||
Buildings and Improvements | 20,939,000 | |||
Costs Capitalized Subsequent to Acquisition | 15,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,581,000 | |||
Buildings and Improvements | 20,950,000 | |||
Total | 25,531,000 | |||
Accumulated Depreciation | 3,760,000 | |||
NBV | $ 21,771,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7775, DaVita Dialysis | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 396,000 | |||
Buildings and Improvements | 2,056,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 396,000 | |||
Buildings and Improvements | 2,056,000 | |||
Total | 2,452,000 | |||
Accumulated Depreciation | 435,000 | |||
NBV | $ 2,017,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3093, South Bend | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 792,000 | |||
Buildings and Improvements | 2,530,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 792,000 | |||
Buildings and Improvements | 2,530,000 | |||
Total | 3,322,000 | |||
Accumulated Depreciation | 990,000 | |||
NBV | $ 2,332,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 7719, Via Christi Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,883,000 | |||
Buildings and Improvements | 7,428,000 | |||
Costs Capitalized Subsequent to Acquisition | (4,324,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,883,000 | |||
Buildings and Improvements | 3,104,000 | |||
Total | 4,987,000 | |||
Accumulated Depreciation | 1,485,000 | |||
NBV | $ 3,502,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6590, OLBH Same Day Surgery Center Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 101,000 | |||
Buildings and Improvements | 19,066,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,433,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 101,000 | |||
Buildings and Improvements | 20,499,000 | |||
Total | 20,600,000 | |||
Accumulated Depreciation | 6,467,000 | |||
NBV | $ 14,133,000 | |||
Life on Which Depreciation in Income Statement is Computed | 26 years | |||
Medical Office Buildings | 6634, Saint Elizabeth Covington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 345,000 | |||
Buildings and Improvements | 12,790,000 | |||
Costs Capitalized Subsequent to Acquisition | 166,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 345,000 | |||
Buildings and Improvements | 12,956,000 | |||
Total | 13,301,000 | |||
Accumulated Depreciation | 3,927,000 | |||
NBV | $ 9,374,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6635, Saint Elizabeth Florence Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 402,000 | |||
Buildings and Improvements | 8,279,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,644,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 402,000 | |||
Buildings and Improvements | 9,923,000 | |||
Total | 10,325,000 | |||
Accumulated Depreciation | 3,623,000 | |||
NBV | $ 6,702,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6735, Jefferson Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 673,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,018,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,691,000 | |||
Total | 2,691,000 | |||
Accumulated Depreciation | 416,000 | |||
NBV | $ 2,275,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6585, East Jefferson Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 168,000 | |||
Buildings and Improvements | 17,264,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,930,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 168,000 | |||
Buildings and Improvements | 20,194,000 | |||
Total | 20,362,000 | |||
Accumulated Depreciation | 7,634,000 | |||
NBV | $ 12,728,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | 6586, East Jefferson Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 107,000 | |||
Buildings and Improvements | 15,137,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,671,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 107,000 | |||
Buildings and Improvements | 17,808,000 | |||
Total | 17,915,000 | |||
Accumulated Depreciation | 6,459,000 | |||
NBV | $ 11,456,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | 6800, Lakeside POB I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,334,000 | |||
Buildings and Improvements | 4,974,000 | |||
Costs Capitalized Subsequent to Acquisition | 624,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 342,000 | |||
Buildings and Improvements | 8,590,000 | |||
Total | 8,932,000 | |||
Accumulated Depreciation | 4,645,000 | |||
NBV | $ 4,287,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | 6801, Lakeside POB II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,046,000 | |||
Buildings and Improvements | 802,000 | |||
Costs Capitalized Subsequent to Acquisition | (165,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 53,000 | |||
Buildings and Improvements | 1,630,000 | |||
Total | 1,683,000 | |||
Accumulated Depreciation | 1,171,000 | |||
NBV | $ 512,000 | |||
Life on Which Depreciation in Income Statement is Computed | 7 years | |||
Medical Office Buildings | 7720, Fresenius Medical | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,195,000 | |||
Buildings and Improvements | 3,797,000 | |||
Costs Capitalized Subsequent to Acquisition | 74,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,269,000 | |||
Buildings and Improvements | 3,797,000 | |||
Total | 5,066,000 | |||
Accumulated Depreciation | 721,000 | |||
NBV | $ 4,345,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2931, RTS Berlin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,216,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,216,000 | |||
Total | 2,216,000 | |||
Accumulated Depreciation | 709,000 | |||
NBV | $ 1,507,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | 3015, Charles O. Fisher Medical Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 10,458,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,795,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,849,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 15,644,000 | |||
Total | 15,644,000 | |||
Accumulated Depreciation | 7,599,000 | |||
NBV | $ 8,045,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6330, Medical Specialties Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,242,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,666,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 20,908,000 | |||
Total | 20,908,000 | |||
Accumulated Depreciation | 6,984,000 | |||
NBV | $ 13,924,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6331, North Professional Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,228,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,653,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,881,000 | |||
Total | 8,881,000 | |||
Accumulated Depreciation | 3,721,000 | |||
NBV | $ 5,160,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6333, Borgess Navigation Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,391,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 2,391,000 | |||
Total | 2,391,000 | |||
Accumulated Depreciation | 817,000 | |||
NBV | $ 1,574,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6337, Borgess Health & Fitness Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 11,959,000 | |||
Costs Capitalized Subsequent to Acquisition | 605,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,564,000 | |||
Total | 12,564,000 | |||
Accumulated Depreciation | 4,313,000 | |||
NBV | $ 8,251,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6360, Heart Center Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,420,000 | |||
Costs Capitalized Subsequent to Acquisition | 716,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 176,000 | |||
Buildings and Improvements | 8,960,000 | |||
Total | 9,136,000 | |||
Accumulated Depreciation | 3,387,000 | |||
NBV | $ 5,749,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6332, Medical Commons Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 661,000 | |||
Costs Capitalized Subsequent to Acquisition | 651,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,312,000 | |||
Total | 1,312,000 | |||
Accumulated Depreciation | 698,000 | |||
NBV | $ 614,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2936, RTS Madison Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 401,000 | |||
Buildings and Improvements | 2,946,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 401,000 | |||
Buildings and Improvements | 2,946,000 | |||
Total | 3,347,000 | |||
Accumulated Depreciation | 905,000 | |||
NBV | $ 2,442,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7780, Bronson Lakeview OPC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,835,000 | |||
Buildings and Improvements | 31,564,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,835,000 | |||
Buildings and Improvements | 31,564,000 | |||
Total | 35,399,000 | |||
Accumulated Depreciation | 6,117,000 | |||
NBV | $ 29,282,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6336, Pro Med Center Plainwell | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 697,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 704,000 | |||
Total | 704,000 | |||
Accumulated Depreciation | 262,000 | |||
NBV | $ 442,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6335, Pro Med Center Richland | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 2,267,000 | |||
Costs Capitalized Subsequent to Acquisition | 213,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 2,480,000 | |||
Total | 2,713,000 | |||
Accumulated Depreciation | 801,000 | |||
NBV | $ 1,912,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7779, Henry Ford Dialysis Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 589,000 | |||
Buildings and Improvements | 3,350,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 589,000 | |||
Buildings and Improvements | 3,350,000 | |||
Total | 3,939,000 | |||
Accumulated Depreciation | 643,000 | |||
NBV | $ 3,296,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7781, Metro Health | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,325,000 | |||
Buildings and Improvements | 5,479,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,325,000 | |||
Buildings and Improvements | 5,479,000 | |||
Total | 6,804,000 | |||
Accumulated Depreciation | 1,112,000 | |||
NBV | $ 5,692,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7782, Spectrum Health | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,463,000 | |||
Buildings and Improvements | 14,353,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,463,000 | |||
Buildings and Improvements | 14,353,000 | |||
Total | 16,816,000 | |||
Accumulated Depreciation | 2,912,000 | |||
NBV | $ 13,904,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6625, Cogdell Duluth Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 33,406,000 | |||
Costs Capitalized Subsequent to Acquisition | (19,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 33,387,000 | |||
Total | 33,387,000 | |||
Accumulated Depreciation | 7,070,000 | |||
NBV | $ 26,317,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7721, Allina Health | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,442,000 | |||
Buildings and Improvements | 7,742,000 | |||
Costs Capitalized Subsequent to Acquisition | 114,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,455,000 | |||
Buildings and Improvements | 7,843,000 | |||
Total | 9,298,000 | |||
Accumulated Depreciation | 1,925,000 | |||
NBV | $ 7,373,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7722, Unitron Hearing | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,646,000 | |||
Buildings and Improvements | 8,962,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,646,000 | |||
Buildings and Improvements | 8,967,000 | |||
Total | 11,613,000 | |||
Accumulated Depreciation | 2,547,000 | |||
NBV | $ 9,066,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | 6615, Health Partners Medical and Dental Clinics | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,492,000 | |||
Buildings and Improvements | 15,694,000 | |||
Costs Capitalized Subsequent to Acquisition | 55,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,503,000 | |||
Buildings and Improvements | 15,738,000 | |||
Total | 18,241,000 | |||
Accumulated Depreciation | 5,094,000 | |||
NBV | $ 13,147,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | University Physicians Grants Ferry, 6580 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,796,000 | |||
Buildings and Improvements | 12,125,000 | |||
Costs Capitalized Subsequent to Acquisition | (12,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,796,000 | |||
Buildings and Improvements | 12,113,000 | |||
Total | 14,909,000 | |||
Accumulated Depreciation | 3,972,000 | |||
NBV | $ 10,937,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2986, Arnold Urgent Care | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,058,000 | |||
Buildings and Improvements | 556,000 | |||
Costs Capitalized Subsequent to Acquisition | 403,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,097,000 | |||
Buildings and Improvements | 920,000 | |||
Total | 2,017,000 | |||
Accumulated Depreciation | 587,000 | |||
NBV | $ 1,430,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | DePaul Health Center North, 6040 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 996,000 | |||
Buildings and Improvements | 10,045,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,954,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 996,000 | |||
Buildings and Improvements | 12,999,000 | |||
Total | 13,995,000 | |||
Accumulated Depreciation | 6,249,000 | |||
NBV | $ 7,746,000 | |||
Life on Which Depreciation in Income Statement is Computed | 21 years | |||
Medical Office Buildings | DePaul Health Center South, 6041 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 910,000 | |||
Buildings and Improvements | 12,169,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,562,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 910,000 | |||
Buildings and Improvements | 14,731,000 | |||
Total | 15,641,000 | |||
Accumulated Depreciation | 5,218,000 | |||
NBV | $ 10,423,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | Saint Marys Health Center Medical Office Building D, 6044 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 103,000 | |||
Buildings and Improvements | 2,780,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,321,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 106,000 | |||
Buildings and Improvements | 4,098,000 | |||
Total | 4,204,000 | |||
Accumulated Depreciation | 1,982,000 | |||
NBV | $ 2,222,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | Fenton Urgent Care Center, 2987 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 183,000 | |||
Buildings and Improvements | 2,714,000 | |||
Costs Capitalized Subsequent to Acquisition | 367,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 189,000 | |||
Buildings and Improvements | 3,075,000 | |||
Total | 3,264,000 | |||
Accumulated Depreciation | 1,336,000 | |||
NBV | $ 1,928,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Broadway Medical Office Building, 2950 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,300,000 | |||
Buildings and Improvements | 12,602,000 | |||
Costs Capitalized Subsequent to Acquisition | 9,559,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,336,000 | |||
Buildings and Improvements | 22,125,000 | |||
Total | 23,461,000 | |||
Accumulated Depreciation | 8,327,000 | |||
NBV | $ 15,134,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Saint Joseph Medical Building, 6010 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 305,000 | |||
Buildings and Improvements | 7,445,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,297,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 305,000 | |||
Buildings and Improvements | 9,742,000 | |||
Total | 10,047,000 | |||
Accumulated Depreciation | 2,784,000 | |||
NBV | $ 7,263,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | Saint Joseph Medical Mall, 6011 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 9,115,000 | |||
Costs Capitalized Subsequent to Acquisition | 613,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 9,728,000 | |||
Total | 10,258,000 | |||
Accumulated Depreciation | 3,167,000 | |||
NBV | $ 7,091,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years | |||
Medical Office Buildings | Carondelet Medical Building, 6012 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 745,000 | |||
Buildings and Improvements | 12,437,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,236,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 745,000 | |||
Buildings and Improvements | 15,673,000 | |||
Total | 16,418,000 | |||
Accumulated Depreciation | 5,542,000 | |||
NBV | $ 10,876,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | Saint Joseph Hospital West Medical Office Building 2, 6045 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 524,000 | |||
Buildings and Improvements | 3,229,000 | |||
Costs Capitalized Subsequent to Acquisition | 840,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 524,000 | |||
Buildings and Improvements | 4,069,000 | |||
Total | 4,593,000 | |||
Accumulated Depreciation | 1,502,000 | |||
NBV | $ 3,091,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Saint Joseph O'Fallon Medical Office Building, 6048 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 940,000 | |||
Buildings and Improvements | 5,556,000 | |||
Costs Capitalized Subsequent to Acquisition | 332,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 960,000 | |||
Buildings and Improvements | 5,868,000 | |||
Total | 6,828,000 | |||
Accumulated Depreciation | 1,817,000 | |||
NBV | $ 5,011,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Sisters of Mercy Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,427,000 | |||
Buildings and Improvements | 8,697,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,427,000 | |||
Buildings and Improvements | 8,697,000 | |||
Total | 12,124,000 | |||
Accumulated Depreciation | 1,877,000 | |||
NBV | $ 10,247,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Saint Joseph Health Center Medical Building 1, 6046 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 503,000 | |||
Buildings and Improvements | 4,336,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,338,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 503,000 | |||
Buildings and Improvements | 5,674,000 | |||
Total | 6,177,000 | |||
Accumulated Depreciation | 2,901,000 | |||
NBV | $ 3,276,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | Saint Joseph Health Center Medical Building 2, 6047 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 369,000 | |||
Buildings and Improvements | 2,963,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,423,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 369,000 | |||
Buildings and Improvements | 4,386,000 | |||
Total | 4,755,000 | |||
Accumulated Depreciation | 1,792,000 | |||
NBV | $ 2,963,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | Physicians Office Center, 2982 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,445,000 | |||
Buildings and Improvements | 13,825,000 | |||
Costs Capitalized Subsequent to Acquisition | 894,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,445,000 | |||
Buildings and Improvements | 14,719,000 | |||
Total | 16,164,000 | |||
Accumulated Depreciation | 6,460,000 | |||
NBV | $ 9,704,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Southford Road Medical Plaza 12700, 2983 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 595,000 | |||
Buildings and Improvements | 12,584,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,756,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 595,000 | |||
Buildings and Improvements | 15,340,000 | |||
Total | 15,935,000 | |||
Accumulated Depreciation | 5,989,000 | |||
NBV | $ 9,946,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | Saint Anthonys Mob A2984 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 409,000 | |||
Buildings and Improvements | 4,687,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,668,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 409,000 | |||
Buildings and Improvements | 6,355,000 | |||
Total | 6,764,000 | |||
Accumulated Depreciation | 3,276,000 | |||
NBV | $ 3,488,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | St Anthony's MOB B, 2985 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 3,942,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,088,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 5,030,000 | |||
Total | 5,380,000 | |||
Accumulated Depreciation | 2,795,000 | |||
NBV | $ 2,585,000 | |||
Life on Which Depreciation in Income Statement is Computed | 21 years | |||
Medical Office Buildings | Lemay Urgent Care Center, 2988 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,317,000 | |||
Buildings and Improvements | 3,120,000 | |||
Costs Capitalized Subsequent to Acquisition | 696,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,355,000 | |||
Buildings and Improvements | 3,778,000 | |||
Total | 6,133,000 | |||
Accumulated Depreciation | 2,254,000 | |||
NBV | $ 3,879,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | Saint Marys Health Center Medical Office Building B, 6042 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 119,000 | |||
Buildings and Improvements | 4,161,000 | |||
Costs Capitalized Subsequent to Acquisition | 12,546,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 119,000 | |||
Buildings and Improvements | 16,707,000 | |||
Total | 16,826,000 | |||
Accumulated Depreciation | 3,382,000 | |||
NBV | $ 13,444,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | Saint Marys Health Center Medical Office Building C, 6043 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 136,000 | |||
Buildings and Improvements | 6,018,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,825,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 136,000 | |||
Buildings and Improvements | 9,843,000 | |||
Total | 9,979,000 | |||
Accumulated Depreciation | 3,083,000 | |||
NBV | $ 6,896,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | Carson Tahoe Specialty Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,748,000 | |||
Buildings and Improvements | 27,010,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,444,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,898,000 | |||
Buildings and Improvements | 30,304,000 | |||
Total | 33,202,000 | |||
Accumulated Depreciation | 6,030,000 | |||
NBV | $ 27,172,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Carson Tahoe MOB West | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 802,000 | |||
Buildings and Improvements | 11,855,000 | |||
Costs Capitalized Subsequent to Acquisition | 213,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 703,000 | |||
Buildings and Improvements | 12,167,000 | |||
Total | 12,870,000 | |||
Accumulated Depreciation | 2,262,000 | |||
NBV | $ 10,608,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | Del E Webb Medical Plaza, 6813 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,028,000 | |||
Buildings and Improvements | 16,993,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,469,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,028,000 | |||
Buildings and Improvements | 19,462,000 | |||
Total | 20,490,000 | |||
Accumulated Depreciation | 6,932,000 | |||
NBV | $ 13,558,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Durango Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,787,000 | |||
Buildings and Improvements | 27,738,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,855,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,683,000 | |||
Buildings and Improvements | 24,987,000 | |||
Total | 28,670,000 | |||
Accumulated Depreciation | 4,710,000 | |||
NBV | $ 23,960,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | The Terrace at South Meadows, 6819 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 6,418,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 504,000 | |||
Buildings and Improvements | 9,966,000 | |||
Costs Capitalized Subsequent to Acquisition | 685,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 504,000 | |||
Buildings and Improvements | 10,651,000 | |||
Total | 11,155,000 | |||
Accumulated Depreciation | 3,975,000 | |||
NBV | $ 7,180,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7753, Cooper Health MOB I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,389,000 | |||
Buildings and Improvements | 2,742,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,398,000 | |||
Buildings and Improvements | 2,737,000 | |||
Total | 4,135,000 | |||
Accumulated Depreciation | 699,000 | |||
NBV | $ 3,436,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7754, Cooper Health MOB II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 594,000 | |||
Buildings and Improvements | 5,638,000 | |||
Costs Capitalized Subsequent to Acquisition | 65,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 594,000 | |||
Buildings and Improvements | 5,703,000 | |||
Total | 6,297,000 | |||
Accumulated Depreciation | 1,025,000 | |||
NBV | $ 5,272,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7755, Salem Medical | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 275,000 | |||
Buildings and Improvements | 4,132,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 275,000 | |||
Buildings and Improvements | 4,138,000 | |||
Total | 4,413,000 | |||
Accumulated Depreciation | 742,000 | |||
NBV | $ 3,671,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Albany Medical Center MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 321,000 | |||
Buildings and Improvements | 18,389,000 | |||
Costs Capitalized Subsequent to Acquisition | 32,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 321,000 | |||
Buildings and Improvements | 18,421,000 | |||
Total | 18,742,000 | |||
Accumulated Depreciation | 2,839,000 | |||
NBV | $ 15,903,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St Peters Recovery Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,059,000 | |||
Buildings and Improvements | 9,156,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,059,000 | |||
Buildings and Improvements | 9,156,000 | |||
Total | 10,215,000 | |||
Accumulated Depreciation | 1,900,000 | |||
NBV | $ 8,315,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Central NY Medical Center, 6610 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,786,000 | |||
Buildings and Improvements | 26,101,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,393,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,792,000 | |||
Buildings and Improvements | 29,488,000 | |||
Total | 31,280,000 | |||
Accumulated Depreciation | 9,472,000 | |||
NBV | $ 21,808,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years | |||
Medical Office Buildings | Northcountry MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 10,799,000 | |||
Costs Capitalized Subsequent to Acquisition | 310,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 11,109,000 | |||
Total | 12,429,000 | |||
Accumulated Depreciation | 2,234,000 | |||
NBV | $ 10,195,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Randolph, 6484 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,370,000 | |||
Buildings and Improvements | 2,929,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,494,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,418,000 | |||
Buildings and Improvements | 5,375,000 | |||
Total | 11,793,000 | |||
Accumulated Depreciation | 4,280,000 | |||
NBV | $ 7,513,000 | |||
Life on Which Depreciation in Income Statement is Computed | 4 years | |||
Medical Office Buildings | Mallard Crossing 1, 6486 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,229,000 | |||
Buildings and Improvements | 2,072,000 | |||
Costs Capitalized Subsequent to Acquisition | 852,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,269,000 | |||
Buildings and Improvements | 2,884,000 | |||
Total | 6,153,000 | |||
Accumulated Depreciation | 2,143,000 | |||
NBV | $ 4,010,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Medical Arts Building, 6500 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 701,000 | |||
Buildings and Improvements | 11,734,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,171,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 701,000 | |||
Buildings and Improvements | 12,905,000 | |||
Total | 13,606,000 | |||
Accumulated Depreciation | 5,111,000 | |||
NBV | $ 8,495,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | Gateway Medical Office Building, 6501 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 9,904,000 | |||
Costs Capitalized Subsequent to Acquisition | 698,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 10,602,000 | |||
Total | 11,702,000 | |||
Accumulated Depreciation | 4,094,000 | |||
NBV | $ 7,608,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Copperfield Medical Mall, 6505 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,980,000 | |||
Buildings and Improvements | 2,846,000 | |||
Costs Capitalized Subsequent to Acquisition | 539,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,139,000 | |||
Buildings and Improvements | 3,226,000 | |||
Total | 5,365,000 | |||
Accumulated Depreciation | 1,902,000 | |||
NBV | $ 3,463,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Weddington Internal and Pediatric Medicine, 6506 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 574,000 | |||
Buildings and Improvements | 688,000 | |||
Costs Capitalized Subsequent to Acquisition | 37,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 574,000 | |||
Buildings and Improvements | 725,000 | |||
Total | 1,299,000 | |||
Accumulated Depreciation | 391,000 | |||
NBV | $ 908,000 | |||
Life on Which Depreciation in Income Statement is Computed | 27 years | |||
Medical Office Buildings | Duke Health Center South Durham, 7794 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,347,000 | |||
Buildings and Improvements | 75,728,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,347,000 | |||
Buildings and Improvements | 75,728,000 | |||
Total | 80,075,000 | |||
Accumulated Depreciation | 1,260,000 | |||
NBV | $ 78,815,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Rex Wellness Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,348,000 | |||
Buildings and Improvements | 5,330,000 | |||
Costs Capitalized Subsequent to Acquisition | 438,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,354,000 | |||
Buildings and Improvements | 5,762,000 | |||
Total | 7,116,000 | |||
Accumulated Depreciation | 1,356,000 | |||
NBV | $ 5,760,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | Gaston Professional Center, 6490 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 833,000 | |||
Buildings and Improvements | 24,885,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,110,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 863,000 | |||
Buildings and Improvements | 27,965,000 | |||
Total | 28,828,000 | |||
Accumulated Depreciation | 8,110,000 | |||
NBV | $ 20,718,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Harrisburg Family Physicians, 6502 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 679,000 | |||
Buildings and Improvements | 1,646,000 | |||
Costs Capitalized Subsequent to Acquisition | 73,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 679,000 | |||
Buildings and Improvements | 1,719,000 | |||
Total | 2,398,000 | |||
Accumulated Depreciation | 625,000 | |||
NBV | $ 1,773,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Harrisburg Medical Mall, 6503 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,339,000 | |||
Buildings and Improvements | 2,292,000 | |||
Costs Capitalized Subsequent to Acquisition | 311,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,339,000 | |||
Buildings and Improvements | 2,603,000 | |||
Total | 3,942,000 | |||
Accumulated Depreciation | 1,291,000 | |||
NBV | $ 2,651,000 | |||
Life on Which Depreciation in Income Statement is Computed | 27 years | |||
Medical Office Buildings | Northcross | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 623,000 | |||
Buildings and Improvements | 278,000 | |||
Costs Capitalized Subsequent to Acquisition | 229,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 623,000 | |||
Buildings and Improvements | 507,000 | |||
Total | 1,130,000 | |||
Accumulated Depreciation | 299,000 | |||
NBV | $ 831,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | REX Knightdale MOB & Wellness Center, 2958 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 22,823,000 | |||
Costs Capitalized Subsequent to Acquisition | 989,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 50,000 | |||
Buildings and Improvements | 23,762,000 | |||
Total | 23,812,000 | |||
Accumulated Depreciation | 5,256,000 | |||
NBV | $ 18,556,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Midland Meical Park, 6504 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,221,000 | |||
Buildings and Improvements | 847,000 | |||
Costs Capitalized Subsequent to Acquisition | 120,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,221,000 | |||
Buildings and Improvements | 967,000 | |||
Total | 2,188,000 | |||
Accumulated Depreciation | 637,000 | |||
NBV | $ 1,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | East Rocky Mount Kidney Center, 6512 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 803,000 | |||
Buildings and Improvements | 998,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 805,000 | |||
Buildings and Improvements | 1,015,000 | |||
Total | 1,820,000 | |||
Accumulated Depreciation | 467,000 | |||
NBV | $ 1,353,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years | |||
Medical Office Buildings | 6513, Rocky Mount Kidney Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 479,000 | |||
Buildings and Improvements | 1,297,000 | |||
Costs Capitalized Subsequent to Acquisition | 51,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 479,000 | |||
Buildings and Improvements | 1,348,000 | |||
Total | 1,827,000 | |||
Accumulated Depreciation | 643,000 | |||
NBV | $ 1,184,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6514, Rocky Mount Medical Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,552,000 | |||
Buildings and Improvements | 7,779,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,665,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,652,000 | |||
Buildings and Improvements | 10,344,000 | |||
Total | 12,996,000 | |||
Accumulated Depreciation | 4,002,000 | |||
NBV | $ 8,994,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | 7724, Trinity Health Medical Arts Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 935,000 | |||
Buildings and Improvements | 15,482,000 | |||
Costs Capitalized Subsequent to Acquisition | 372,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 951,000 | |||
Buildings and Improvements | 15,838,000 | |||
Total | 16,789,000 | |||
Accumulated Depreciation | 3,876,000 | |||
NBV | $ 12,913,000 | |||
Life on Which Depreciation in Income Statement is Computed | 26 years | |||
Medical Office Buildings | Anderson Medical Arts Building I, 2925 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,632,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,299,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 146,000 | |||
Buildings and Improvements | 11,785,000 | |||
Total | 11,931,000 | |||
Accumulated Depreciation | 5,419,000 | |||
NBV | $ 6,512,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Anderson Medical Arts Building II, 2926 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 15,123,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,535,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 18,658,000 | |||
Total | 18,658,000 | |||
Accumulated Depreciation | 8,008,000 | |||
NBV | $ 10,650,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Riverside North Medical Office Building, 6200 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 785,000 | |||
Buildings and Improvements | 8,519,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,818,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 785,000 | |||
Buildings and Improvements | 10,337,000 | |||
Total | 11,122,000 | |||
Accumulated Depreciation | 4,703,000 | |||
NBV | $ 6,419,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Riverside South Medical Office Building, 6201 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 586,000 | |||
Buildings and Improvements | 7,298,000 | |||
Costs Capitalized Subsequent to Acquisition | 935,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 610,000 | |||
Buildings and Improvements | 8,209,000 | |||
Total | 8,819,000 | |||
Accumulated Depreciation | 3,486,000 | |||
NBV | $ 5,333,000 | |||
Life on Which Depreciation in Income Statement is Computed | 27 years | |||
Medical Office Buildings | 340 East Town Medical Office Building, 6202 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 10,000 | |||
Buildings and Improvements | 9,443,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,259,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 10,000 | |||
Buildings and Improvements | 10,702,000 | |||
Total | 10,712,000 | |||
Accumulated Depreciation | 3,652,000 | |||
NBV | $ 7,060,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | 393 East Town Medical Office Building, 6203 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 4,760,000 | |||
Costs Capitalized Subsequent to Acquisition | 635,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 5,395,000 | |||
Total | 5,456,000 | |||
Accumulated Depreciation | 2,215,000 | |||
NBV | $ 3,241,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | 141 South Sixth Medical Office Building, 6204 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 80,000 | |||
Buildings and Improvements | 1,113,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,922,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 80,000 | |||
Buildings and Improvements | 4,035,000 | |||
Total | 4,115,000 | |||
Accumulated Depreciation | 950,000 | |||
NBV | $ 3,165,000 | |||
Life on Which Depreciation in Income Statement is Computed | 14 years | |||
Medical Office Buildings | Doctors West Medical Office Building, 6205 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 414,000 | |||
Buildings and Improvements | 5,362,000 | |||
Costs Capitalized Subsequent to Acquisition | 835,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 414,000 | |||
Buildings and Improvements | 6,197,000 | |||
Total | 6,611,000 | |||
Accumulated Depreciation | 2,240,000 | |||
NBV | $ 4,371,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Eastside Health Center, 6208 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 956,000 | |||
Buildings and Improvements | 3,472,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 956,000 | |||
Buildings and Improvements | 3,470,000 | |||
Total | 4,426,000 | |||
Accumulated Depreciation | 2,198,000 | |||
NBV | $ 2,228,000 | |||
Life on Which Depreciation in Income Statement is Computed | 15 years | |||
Medical Office Buildings | East Main Medical Office Building, 6209 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 4,771,000 | |||
Costs Capitalized Subsequent to Acquisition | 67,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 4,838,000 | |||
Total | 5,278,000 | |||
Accumulated Depreciation | 1,690,000 | |||
NBV | $ 3,588,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Heart Center Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,063,000 | |||
Buildings and Improvements | 12,140,000 | |||
Costs Capitalized Subsequent to Acquisition | 718,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,063,000 | |||
Buildings and Improvements | 12,858,000 | |||
Total | 13,921,000 | |||
Accumulated Depreciation | 4,464,000 | |||
NBV | $ 9,457,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6221, Wilkins Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 123,000 | |||
Buildings and Improvements | 18,062,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,113,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 123,000 | |||
Buildings and Improvements | 19,175,000 | |||
Total | 19,298,000 | |||
Accumulated Depreciation | 5,078,000 | |||
NBV | $ 14,220,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6207, Grady Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 239,000 | |||
Buildings and Improvements | 2,263,000 | |||
Costs Capitalized Subsequent to Acquisition | 570,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 239,000 | |||
Buildings and Improvements | 2,833,000 | |||
Total | 3,072,000 | |||
Accumulated Depreciation | 1,233,000 | |||
NBV | $ 1,839,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6206, Dublin Northwest Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 342,000 | |||
Buildings and Improvements | 3,278,000 | |||
Costs Capitalized Subsequent to Acquisition | 281,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 342,000 | |||
Buildings and Improvements | 3,559,000 | |||
Total | 3,901,000 | |||
Accumulated Depreciation | 1,459,000 | |||
NBV | $ 2,442,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 6210, Preserve III Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,449,000 | |||
Buildings and Improvements | 7,025,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,211,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,449,000 | |||
Buildings and Improvements | 8,236,000 | |||
Total | 10,685,000 | |||
Accumulated Depreciation | 2,893,000 | |||
NBV | $ 7,792,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6950, Zanesville Surgery Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 172,000 | |||
Buildings and Improvements | 9,403,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 172,000 | |||
Buildings and Improvements | 9,403,000 | |||
Total | 9,575,000 | |||
Accumulated Depreciation | 2,722,000 | |||
NBV | $ 6,853,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6951, Dialysis Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 534,000 | |||
Buildings and Improvements | 855,000 | |||
Costs Capitalized Subsequent to Acquisition | 99,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 534,000 | |||
Buildings and Improvements | 954,000 | |||
Total | 1,488,000 | |||
Accumulated Depreciation | 661,000 | |||
NBV | $ 827,000 | |||
Life on Which Depreciation in Income Statement is Computed | 21 years | |||
Medical Office Buildings | 6952, Genesis Children's Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 538,000 | |||
Buildings and Improvements | 3,781,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 538,000 | |||
Buildings and Improvements | 3,781,000 | |||
Total | 4,319,000 | |||
Accumulated Depreciation | 1,492,000 | |||
NBV | $ 2,827,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | 6953, Medical Arts Building I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 429,000 | |||
Buildings and Improvements | 2,405,000 | |||
Costs Capitalized Subsequent to Acquisition | 666,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 436,000 | |||
Buildings and Improvements | 3,064,000 | |||
Total | 3,500,000 | |||
Accumulated Depreciation | 1,598,000 | |||
NBV | $ 1,902,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | 6954, Medical Arts Building II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 485,000 | |||
Buildings and Improvements | 6,013,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,537,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 532,000 | |||
Buildings and Improvements | 7,503,000 | |||
Total | 8,035,000 | |||
Accumulated Depreciation | 3,539,000 | |||
NBV | $ 4,496,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6955, Medical Arts Building III | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 94,000 | |||
Buildings and Improvements | 1,248,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 94,000 | |||
Buildings and Improvements | 1,248,000 | |||
Total | 1,342,000 | |||
Accumulated Depreciation | 615,000 | |||
NBV | $ 727,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6956, Primecare Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 130,000 | |||
Buildings and Improvements | 1,344,000 | |||
Costs Capitalized Subsequent to Acquisition | 648,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 130,000 | |||
Buildings and Improvements | 1,992,000 | |||
Total | 2,122,000 | |||
Accumulated Depreciation | 1,060,000 | |||
NBV | $ 1,062,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Medical Office Buildings | 6957, Outpatient Rehabilitation Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 82,000 | |||
Buildings and Improvements | 1,541,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 82,000 | |||
Buildings and Improvements | 1,541,000 | |||
Total | 1,623,000 | |||
Accumulated Depreciation | 654,000 | |||
NBV | $ 969,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | 6958, Radiation Oncology Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 105,000 | |||
Buildings and Improvements | 1,201,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 105,000 | |||
Buildings and Improvements | 1,201,000 | |||
Total | 1,306,000 | |||
Accumulated Depreciation | 609,000 | |||
NBV | $ 697,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Crozer - Keystone MOB II, 7760 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,178,000 | |||
Buildings and Improvements | 6,523,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,178,000 | |||
Buildings and Improvements | 6,523,000 | |||
Total | 11,701,000 | |||
Accumulated Depreciation | 1,555,000 | |||
NBV | $ 10,146,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Doylestown Health & Wellness Center, 6636 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,452,000 | |||
Buildings and Improvements | 17,383,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,191,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,497,000 | |||
Buildings and Improvements | 18,529,000 | |||
Total | 23,026,000 | |||
Accumulated Depreciation | 6,248,000 | |||
NBV | $ 16,778,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | Roper Medical Office Building, 6541 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 127,000 | |||
Buildings and Improvements | 14,737,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,116,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 127,000 | |||
Buildings and Improvements | 18,853,000 | |||
Total | 18,980,000 | |||
Accumulated Depreciation | 7,044,000 | |||
NBV | $ 11,936,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | St. Francis Medical Plaza (Charleston), 6543 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 447,000 | |||
Buildings and Improvements | 3,946,000 | |||
Costs Capitalized Subsequent to Acquisition | 711,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 447,000 | |||
Buildings and Improvements | 4,657,000 | |||
Total | 5,104,000 | |||
Accumulated Depreciation | 1,874,000 | |||
NBV | $ 3,230,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Providence MOB I, 6526 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 225,000 | |||
Buildings and Improvements | 4,274,000 | |||
Costs Capitalized Subsequent to Acquisition | 884,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 225,000 | |||
Buildings and Improvements | 5,158,000 | |||
Total | 5,383,000 | |||
Accumulated Depreciation | 2,809,000 | |||
NBV | $ 2,574,000 | |||
Life on Which Depreciation in Income Statement is Computed | 18 years | |||
Medical Office Buildings | Providence MOB II, 6527 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 122,000 | |||
Buildings and Improvements | 1,834,000 | |||
Costs Capitalized Subsequent to Acquisition | 289,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 150,000 | |||
Buildings and Improvements | 2,095,000 | |||
Total | 2,245,000 | |||
Accumulated Depreciation | 1,104,000 | |||
NBV | $ 1,141,000 | |||
Life on Which Depreciation in Income Statement is Computed | 18 years | |||
Medical Office Buildings | Providence MOB III, 6528 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 766,000 | |||
Buildings and Improvements | 4,406,000 | |||
Costs Capitalized Subsequent to Acquisition | 946,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 766,000 | |||
Buildings and Improvements | 5,352,000 | |||
Total | 6,118,000 | |||
Accumulated Depreciation | 2,174,000 | |||
NBV | $ 3,944,000 | |||
Life on Which Depreciation in Income Statement is Computed | 23 years | |||
Medical Office Buildings | One Medical Park, 6529 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 210,000 | |||
Buildings and Improvements | 7,939,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,190,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 214,000 | |||
Buildings and Improvements | 10,125,000 | |||
Total | 10,339,000 | |||
Accumulated Depreciation | 4,568,000 | |||
NBV | $ 5,771,000 | |||
Life on Which Depreciation in Income Statement is Computed | 19 years | |||
Medical Office Buildings | Three Medical Park, 6530 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 40,000 | |||
Buildings and Improvements | 10,650,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,912,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 40,000 | |||
Buildings and Improvements | 12,562,000 | |||
Total | 12,602,000 | |||
Accumulated Depreciation | 5,219,000 | |||
NBV | $ 7,383,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | St. Francis Millennium Medical Office Building, 3070 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 14,161,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,062,000 | |||
Costs Capitalized Subsequent to Acquisition | 10,711,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 30,000 | |||
Buildings and Improvements | 23,743,000 | |||
Total | 23,773,000 | |||
Accumulated Depreciation | 12,135,000 | |||
NBV | $ 11,638,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 200 Andrews, 6550 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 789,000 | |||
Buildings and Improvements | 2,014,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,559,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 810,000 | |||
Buildings and Improvements | 3,552,000 | |||
Total | 4,362,000 | |||
Accumulated Depreciation | 1,827,000 | |||
NBV | $ 2,535,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Medical Office Buildings | St. Francis CMOB, 6552 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 501,000 | |||
Buildings and Improvements | 7,661,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,068,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 501,000 | |||
Buildings and Improvements | 8,729,000 | |||
Total | 9,230,000 | |||
Accumulated Depreciation | 2,850,000 | |||
NBV | $ 6,380,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Healthplex, 6959 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,488,000 | |||
Buildings and Improvements | 15,849,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,199,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,649,000 | |||
Buildings and Improvements | 16,887,000 | |||
Total | 19,536,000 | |||
Accumulated Depreciation | 6,803,000 | |||
NBV | $ 12,733,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years | |||
Medical Office Buildings | Physicians Pavilion, 6960 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 422,000 | |||
Buildings and Improvements | 6,297,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,577,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 422,000 | |||
Buildings and Improvements | 7,874,000 | |||
Total | 8,296,000 | |||
Accumulated Depreciation | 3,627,000 | |||
NBV | $ 4,669,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Zanesville Northside Pharmacy, 6961 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 42,000 | |||
Buildings and Improvements | 635,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 42,000 | |||
Buildings and Improvements | 635,000 | |||
Total | 677,000 | |||
Accumulated Depreciation | 278,000 | |||
NBV | $ 399,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | Bethesda Campus MOB III, 6962 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 188,000 | |||
Buildings and Improvements | 1,137,000 | |||
Costs Capitalized Subsequent to Acquisition | 234,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 199,000 | |||
Buildings and Improvements | 1,360,000 | |||
Total | 1,559,000 | |||
Accumulated Depreciation | 633,000 | |||
NBV | $ 926,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | Tuality 7th Avenue Medical Plaza, 6814 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 17,554,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,516,000 | |||
Buildings and Improvements | 24,638,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,476,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,546,000 | |||
Buildings and Improvements | 26,084,000 | |||
Total | 27,630,000 | |||
Accumulated Depreciation | 8,783,000 | |||
NBV | $ 18,847,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Professional Office Building I, 3002 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,283,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,330,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,613,000 | |||
Total | 9,613,000 | |||
Accumulated Depreciation | 5,057,000 | |||
NBV | $ 4,556,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | DCMH Medical Office Building, 3003 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,424,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,612,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 13,036,000 | |||
Total | 13,036,000 | |||
Accumulated Depreciation | 7,072,000 | |||
NBV | $ 5,964,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | Pinnacle Health, 7762 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,574,000 | |||
Buildings and Improvements | 16,767,000 | |||
Costs Capitalized Subsequent to Acquisition | 943,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,766,000 | |||
Buildings and Improvements | 17,518,000 | |||
Total | 20,284,000 | |||
Accumulated Depreciation | 3,556,000 | |||
NBV | $ 16,728,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Lancaster Rehabilitation Hospital, 6605 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 959,000 | |||
Buildings and Improvements | 16,610,000 | |||
Costs Capitalized Subsequent to Acquisition | (16,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 959,000 | |||
Buildings and Improvements | 16,594,000 | |||
Total | 17,553,000 | |||
Accumulated Depreciation | 5,141,000 | |||
NBV | $ 12,412,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Lancaster ASC MOB, 6632 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 593,000 | |||
Buildings and Improvements | 17,117,000 | |||
Costs Capitalized Subsequent to Acquisition | 491,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 593,000 | |||
Buildings and Improvements | 17,608,000 | |||
Total | 18,201,000 | |||
Accumulated Depreciation | 5,964,000 | |||
NBV | $ 12,237,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St. Joseph Medical Office Building, 6340 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,823,000 | |||
Costs Capitalized Subsequent to Acquisition | 811,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 11,634,000 | |||
Total | 11,634,000 | |||
Accumulated Depreciation | 4,326,000 | |||
NBV | $ 7,308,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Crozer - Keystone MOB I, 7759 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,130,000 | |||
Buildings and Improvements | 47,078,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,130,000 | |||
Buildings and Improvements | 47,078,000 | |||
Total | 56,208,000 | |||
Accumulated Depreciation | 10,551,000 | |||
NBV | $ 45,657,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6554, St. Francis Professional Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 342,000 | |||
Buildings and Improvements | 6,337,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,944,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 371,000 | |||
Buildings and Improvements | 8,252,000 | |||
Total | 8,623,000 | |||
Accumulated Depreciation | 3,295,000 | |||
NBV | $ 5,328,000 | |||
Life on Which Depreciation in Income Statement is Computed | 24 years | |||
Medical Office Buildings | 6555, St. Francis Women's | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 322,000 | |||
Buildings and Improvements | 4,877,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,195,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 322,000 | |||
Buildings and Improvements | 6,072,000 | |||
Total | 6,394,000 | |||
Accumulated Depreciation | 2,886,000 | |||
NBV | $ 3,508,000 | |||
Life on Which Depreciation in Income Statement is Computed | 24 years | |||
Medical Office Buildings | 6556, St. Francis Medical Plaza (Greenville) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 88,000 | |||
Buildings and Improvements | 5,876,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,006,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 98,000 | |||
Buildings and Improvements | 7,872,000 | |||
Total | 7,970,000 | |||
Accumulated Depreciation | 2,839,000 | |||
NBV | $ 5,131,000 | |||
Life on Which Depreciation in Income Statement is Computed | 24 years | |||
Medical Office Buildings | 6536, River Hills Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,406,000 | |||
Buildings and Improvements | 1,813,000 | |||
Costs Capitalized Subsequent to Acquisition | 199,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,406,000 | |||
Buildings and Improvements | 2,012,000 | |||
Total | 3,418,000 | |||
Accumulated Depreciation | 1,025,000 | |||
NBV | $ 2,393,000 | |||
Life on Which Depreciation in Income Statement is Computed | 27 years | |||
Medical Office Buildings | 6542, Mount Pleasant Medical Office Longpoint | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 670,000 | |||
Buildings and Improvements | 4,455,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,268,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 632,000 | |||
Buildings and Improvements | 5,761,000 | |||
Total | 6,393,000 | |||
Accumulated Depreciation | 2,432,000 | |||
NBV | $ 3,961,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | Fenton Urgent Care Center, 2987 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 823,000 | |||
Buildings and Improvements | 3,299,000 | |||
Costs Capitalized Subsequent to Acquisition | 492,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 823,000 | |||
Buildings and Improvements | 3,791,000 | |||
Total | 4,614,000 | |||
Accumulated Depreciation | 1,487,000 | |||
NBV | $ 3,127,000 | |||
Life on Which Depreciation in Income Statement is Computed | 28 years | |||
Medical Office Buildings | 6551, Mary Black Westside Medical Office Bldg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 291,000 | |||
Buildings and Improvements | 5,057,000 | |||
Costs Capitalized Subsequent to Acquisition | 610,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 300,000 | |||
Buildings and Improvements | 5,658,000 | |||
Total | 5,958,000 | |||
Accumulated Depreciation | 2,166,000 | |||
NBV | $ 3,792,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | 7763, Spartanburg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,333,000 | |||
Buildings and Improvements | 15,756,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,333,000 | |||
Buildings and Improvements | 15,756,000 | |||
Total | 17,089,000 | |||
Accumulated Depreciation | 2,564,000 | |||
NBV | $ 14,525,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7764, Spartanburg Regional MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 207,000 | |||
Buildings and Improvements | 17,963,000 | |||
Costs Capitalized Subsequent to Acquisition | 760,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 286,000 | |||
Buildings and Improvements | 18,644,000 | |||
Total | 18,930,000 | |||
Accumulated Depreciation | 3,385,000 | |||
NBV | $ 15,545,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7783, Wellmont Blue Ridge MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 999,000 | |||
Buildings and Improvements | 5,027,000 | |||
Costs Capitalized Subsequent to Acquisition | 110,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,032,000 | |||
Buildings and Improvements | 5,104,000 | |||
Total | 6,136,000 | |||
Accumulated Depreciation | 1,067,000 | |||
NBV | $ 5,069,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6570, Health Park Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,305,000 | |||
Buildings and Improvements | 8,949,000 | |||
Costs Capitalized Subsequent to Acquisition | 701,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,305,000 | |||
Buildings and Improvements | 9,650,000 | |||
Total | 11,955,000 | |||
Accumulated Depreciation | 3,116,000 | |||
NBV | $ 8,839,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6571, Peerless Crossing Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,217,000 | |||
Buildings and Improvements | 6,464,000 | |||
Costs Capitalized Subsequent to Acquisition | 22,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,217,000 | |||
Buildings and Improvements | 6,486,000 | |||
Total | 7,703,000 | |||
Accumulated Depreciation | 2,128,000 | |||
NBV | $ 5,575,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6104, St Mary's Clinton Professional Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 298,000 | |||
Buildings and Improvements | 618,000 | |||
Costs Capitalized Subsequent to Acquisition | 121,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 298,000 | |||
Buildings and Improvements | 739,000 | |||
Total | 1,037,000 | |||
Accumulated Depreciation | 259,000 | |||
NBV | $ 778,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 6105, St Mary's Farragut MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 221,000 | |||
Buildings and Improvements | 2,719,000 | |||
Costs Capitalized Subsequent to Acquisition | 175,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 221,000 | |||
Buildings and Improvements | 2,894,000 | |||
Total | 3,115,000 | |||
Accumulated Depreciation | 697,000 | |||
NBV | $ 2,418,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 6642, Medical Center Physicians Tower | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 12,693,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 549,000 | |||
Buildings and Improvements | 27,074,000 | |||
Costs Capitalized Subsequent to Acquisition | 97,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 598,000 | |||
Buildings and Improvements | 27,122,000 | |||
Total | 27,720,000 | |||
Accumulated Depreciation | 9,104,000 | |||
NBV | $ 18,616,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6110, St Mary's Ambulatory Surgery Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 129,000 | |||
Buildings and Improvements | 1,012,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 129,000 | |||
Buildings and Improvements | 1,012,000 | |||
Total | 1,141,000 | |||
Accumulated Depreciation | 425,000 | |||
NBV | $ 716,000 | |||
Life on Which Depreciation in Income Statement is Computed | 24 years | |||
Medical Office Buildings | 7738, Texas Clinic at Arlington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,781,000 | |||
Buildings and Improvements | 24,515,000 | |||
Costs Capitalized Subsequent to Acquisition | 545,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,845,000 | |||
Buildings and Improvements | 24,996,000 | |||
Total | 27,841,000 | |||
Accumulated Depreciation | 4,372,000 | |||
NBV | $ 23,469,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6020, Seton Medical Park Tower | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 805,000 | |||
Buildings and Improvements | 41,527,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,113,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,329,000 | |||
Buildings and Improvements | 45,116,000 | |||
Total | 46,445,000 | |||
Accumulated Depreciation | 12,431,000 | |||
NBV | $ 34,014,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6021, Seton Norhtwest Health Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 22,632,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,605,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 26,237,000 | |||
Total | 26,681,000 | |||
Accumulated Depreciation | 7,276,000 | |||
NBV | $ 19,405,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6030, Seton Southwest Health Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 294,000 | |||
Buildings and Improvements | 5,311,000 | |||
Costs Capitalized Subsequent to Acquisition | 516,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 294,000 | |||
Buildings and Improvements | 5,827,000 | |||
Total | 6,121,000 | |||
Accumulated Depreciation | 1,551,000 | |||
NBV | $ 4,570,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6031, Seton Southwest Health Plaza II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 447,000 | |||
Buildings and Improvements | 10,154,000 | |||
Costs Capitalized Subsequent to Acquisition | 71,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 447,000 | |||
Buildings and Improvements | 10,225,000 | |||
Total | 10,672,000 | |||
Accumulated Depreciation | 2,879,000 | |||
NBV | $ 7,793,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7735, BioLife Sciences Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,036,000 | |||
Buildings and Improvements | 6,576,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,036,000 | |||
Buildings and Improvements | 6,576,000 | |||
Total | 7,612,000 | |||
Accumulated Depreciation | 1,378,000 | |||
NBV | $ 6,234,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3074, East Houston MOB, LLC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 356,000 | |||
Buildings and Improvements | 2,877,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,178,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 328,000 | |||
Buildings and Improvements | 4,083,000 | |||
Total | 4,411,000 | |||
Accumulated Depreciation | 2,860,000 | |||
NBV | $ 1,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 15 years | |||
Medical Office Buildings | 3075, East Houston Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 671,000 | |||
Buildings and Improvements | 426,000 | |||
Costs Capitalized Subsequent to Acquisition | 10,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 237,000 | |||
Buildings and Improvements | 870,000 | |||
Total | 1,107,000 | |||
Accumulated Depreciation | 993,000 | |||
NBV | $ 114,000 | |||
Life on Which Depreciation in Income Statement is Computed | 11 years | |||
Medical Office Buildings | 7732, Memorial Hermann | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 822,000 | |||
Buildings and Improvements | 14,307,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 822,000 | |||
Buildings and Improvements | 14,307,000 | |||
Total | 15,129,000 | |||
Accumulated Depreciation | 2,445,000 | |||
NBV | $ 12,684,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7731, Scott White Healthcare | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 534,000 | |||
Buildings and Improvements | 5,104,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 534,000 | |||
Buildings and Improvements | 5,104,000 | |||
Total | 5,638,000 | |||
Accumulated Depreciation | 1,000,000 | |||
NBV | $ 4,638,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Fenton Urgent Care Center, 2987 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 9,169,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 270,000 | |||
Buildings and Improvements | 20,169,000 | |||
Costs Capitalized Subsequent to Acquisition | 372,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 270,000 | |||
Buildings and Improvements | 20,541,000 | |||
Total | 20,811,000 | |||
Accumulated Depreciation | 766,000 | |||
NBV | $ 20,045,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7730, Odessa Regional MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 121,000 | |||
Buildings and Improvements | 8,935,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 121,000 | |||
Buildings and Improvements | 8,935,000 | |||
Total | 9,056,000 | |||
Accumulated Depreciation | 1,588,000 | |||
NBV | $ 7,468,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7734, Legacy Heart Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,081,000 | |||
Buildings and Improvements | 8,890,000 | |||
Costs Capitalized Subsequent to Acquisition | 94,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,081,000 | |||
Buildings and Improvements | 8,984,000 | |||
Total | 12,065,000 | |||
Accumulated Depreciation | 1,945,000 | |||
NBV | $ 10,120,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6380, Seton Williamson Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 15,074,000 | |||
Costs Capitalized Subsequent to Acquisition | 693,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 15,767,000 | |||
Total | 15,767,000 | |||
Accumulated Depreciation | 5,798,000 | |||
NBV | $ 9,969,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7737, Sunnyvale Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,186,000 | |||
Buildings and Improvements | 15,397,000 | |||
Costs Capitalized Subsequent to Acquisition | 439,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,243,000 | |||
Buildings and Improvements | 15,779,000 | |||
Total | 17,022,000 | |||
Accumulated Depreciation | 3,074,000 | |||
NBV | $ 13,948,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7733, Texarkana ASC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 814,000 | |||
Buildings and Improvements | 5,903,000 | |||
Costs Capitalized Subsequent to Acquisition | 137,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 814,000 | |||
Buildings and Improvements | 6,040,000 | |||
Total | 6,854,000 | |||
Accumulated Depreciation | 1,361,000 | |||
NBV | $ 5,493,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Medical Office Buildings | 7736, Spring Creek Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,165,000 | |||
Buildings and Improvements | 8,212,000 | |||
Costs Capitalized Subsequent to Acquisition | 155,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,165,000 | |||
Buildings and Improvements | 8,367,000 | |||
Total | 10,532,000 | |||
Accumulated Depreciation | 1,475,000 | |||
NBV | $ 9,057,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6520, MRMC MOB I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,669,000 | |||
Buildings and Improvements | 7,024,000 | |||
Costs Capitalized Subsequent to Acquisition | 648,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,669,000 | |||
Buildings and Improvements | 7,672,000 | |||
Total | 9,341,000 | |||
Accumulated Depreciation | 3,462,000 | |||
NBV | $ 5,879,000 | |||
Life on Which Depreciation in Income Statement is Computed | 31 years | |||
Medical Office Buildings | 3079, Henrico MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 968,000 | |||
Buildings and Improvements | 6,189,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,354,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 359,000 | |||
Buildings and Improvements | 8,152,000 | |||
Total | 8,511,000 | |||
Accumulated Depreciation | 3,589,000 | |||
NBV | $ 4,922,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Medical Office Buildings | 6521, St. Mary's MOB North (Floors 6 & 7) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 227,000 | |||
Buildings and Improvements | 2,961,000 | |||
Costs Capitalized Subsequent to Acquisition | 689,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 227,000 | |||
Buildings and Improvements | 3,650,000 | |||
Total | 3,877,000 | |||
Accumulated Depreciation | 1,731,000 | |||
NBV | $ 2,146,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Medical Office Buildings | 7765, Virginia Urology Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,822,000 | |||
Buildings and Improvements | 16,127,000 | |||
Costs Capitalized Subsequent to Acquisition | 21,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,822,000 | |||
Buildings and Improvements | 16,148,000 | |||
Total | 19,970,000 | |||
Accumulated Depreciation | 3,020,000 | |||
NBV | $ 16,950,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7766, St Frances Cancer Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 654,000 | |||
Buildings and Improvements | 18,331,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,537,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 657,000 | |||
Buildings and Improvements | 19,865,000 | |||
Total | 20,522,000 | |||
Accumulated Depreciation | 3,349,000 | |||
NBV | $ 17,173,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6640, Bonney Lake Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 10,320,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,176,000 | |||
Buildings and Improvements | 14,375,000 | |||
Costs Capitalized Subsequent to Acquisition | 205,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,176,000 | |||
Buildings and Improvements | 14,580,000 | |||
Total | 19,756,000 | |||
Accumulated Depreciation | 5,127,000 | |||
NBV | $ 14,629,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6641, Good Samaritan Medical Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 12,311,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 781,000 | |||
Buildings and Improvements | 30,368,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,303,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 801,000 | |||
Buildings and Improvements | 31,651,000 | |||
Total | 32,452,000 | |||
Accumulated Depreciation | 9,192,000 | |||
NBV | $ 23,260,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 2957, Holy Family Hospital Central MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,085,000 | |||
Costs Capitalized Subsequent to Acquisition | 346,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 19,431,000 | |||
Total | 19,431,000 | |||
Accumulated Depreciation | 4,404,000 | |||
NBV | $ 15,027,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3040, Physician's Pavilion | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,411,000 | |||
Buildings and Improvements | 32,939,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,199,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,450,000 | |||
Buildings and Improvements | 34,099,000 | |||
Total | 35,549,000 | |||
Accumulated Depreciation | 10,982,000 | |||
NBV | $ 24,567,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3041, Administration Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 296,000 | |||
Buildings and Improvements | 7,856,000 | |||
Costs Capitalized Subsequent to Acquisition | 44,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 317,000 | |||
Buildings and Improvements | 7,879,000 | |||
Total | 8,196,000 | |||
Accumulated Depreciation | 2,507,000 | |||
NBV | $ 5,689,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3042, Medical Center Physician's Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,225,000 | |||
Buildings and Improvements | 31,246,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,072,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,404,000 | |||
Buildings and Improvements | 35,139,000 | |||
Total | 36,543,000 | |||
Accumulated Depreciation | 11,097,000 | |||
NBV | $ 25,446,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3043, Memorial MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 663,000 | |||
Buildings and Improvements | 12,626,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,620,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 690,000 | |||
Buildings and Improvements | 14,219,000 | |||
Total | 14,909,000 | |||
Accumulated Depreciation | 4,438,000 | |||
NBV | $ 10,471,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3044, Salmon Creek MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,325,000 | |||
Buildings and Improvements | 9,238,000 | |||
Costs Capitalized Subsequent to Acquisition | 605,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,325,000 | |||
Buildings and Improvements | 9,843,000 | |||
Total | 11,168,000 | |||
Accumulated Depreciation | 2,991,000 | |||
NBV | $ 8,177,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3045, Fisher's Landing MOB | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,590,000 | |||
Buildings and Improvements | 5,420,000 | |||
Costs Capitalized Subsequent to Acquisition | 434,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,613,000 | |||
Buildings and Improvements | 5,831,000 | |||
Total | 7,444,000 | |||
Accumulated Depreciation | 2,089,000 | |||
NBV | $ 5,355,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 3047, Columbia Medical Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 281,000 | |||
Buildings and Improvements | 5,266,000 | |||
Costs Capitalized Subsequent to Acquisition | 409,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 331,000 | |||
Buildings and Improvements | 5,625,000 | |||
Total | 5,956,000 | |||
Accumulated Depreciation | 1,935,000 | |||
NBV | $ 4,021,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6460, Appleton Heart Institute | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,775,000 | |||
Costs Capitalized Subsequent to Acquisition | 46,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,821,000 | |||
Total | 7,821,000 | |||
Accumulated Depreciation | 2,511,000 | |||
NBV | $ 5,310,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 6461, Appleton Medical Offices West | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 5,756,000 | |||
Costs Capitalized Subsequent to Acquisition | 842,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,598,000 | |||
Total | 6,598,000 | |||
Accumulated Depreciation | 1,989,000 | |||
NBV | $ 4,609,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 6462, Appleton Medical Offices South | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,058,000 | |||
Costs Capitalized Subsequent to Acquisition | 200,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 9,258,000 | |||
Total | 9,258,000 | |||
Accumulated Depreciation | 3,174,000 | |||
NBV | $ 6,084,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 3030, Brookfield Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,638,000 | |||
Buildings and Improvements | 4,093,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,198,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 4,093,000 | |||
Total | 4,533,000 | |||
Accumulated Depreciation | 1,666,000 | |||
NBV | $ 2,867,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7793, Lakeshore Medical Clinic-Franklin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,973,000 | |||
Buildings and Improvements | 7,579,000 | |||
Costs Capitalized Subsequent to Acquisition | 149,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,029,000 | |||
Buildings and Improvements | 7,672,000 | |||
Total | 9,701,000 | |||
Accumulated Depreciation | 1,607,000 | |||
NBV | $ 8,094,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Medical Office Buildings | 7792, Lakeshore Medical Clinic-Greenfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,223,000 | |||
Buildings and Improvements | 13,387,000 | |||
Costs Capitalized Subsequent to Acquisition | 61,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,223,000 | |||
Buildings and Improvements | 13,448,000 | |||
Total | 14,671,000 | |||
Accumulated Depreciation | 2,317,000 | |||
NBV | $ 12,354,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7786, Aurora Health Care-Hartford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,706,000 | |||
Buildings and Improvements | 22,019,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,706,000 | |||
Buildings and Improvements | 22,019,000 | |||
Total | 25,725,000 | |||
Accumulated Depreciation | 4,292,000 | |||
NBV | $ 21,433,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3031, Hartland Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 321,000 | |||
Buildings and Improvements | 5,050,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 321,000 | |||
Buildings and Improvements | 5,050,000 | |||
Total | 5,371,000 | |||
Accumulated Depreciation | 1,756,000 | |||
NBV | $ 3,615,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7788, Aurora Healthcare-Kenosha | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,546,000 | |||
Buildings and Improvements | 19,155,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,546,000 | |||
Buildings and Improvements | 19,155,000 | |||
Total | 26,701,000 | |||
Accumulated Depreciation | 3,815,000 | |||
NBV | $ 22,886,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7784, Univ of Wisconsin Health | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 678,000 | |||
Buildings and Improvements | 8,017,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 678,000 | |||
Buildings and Improvements | 8,017,000 | |||
Total | 8,695,000 | |||
Accumulated Depreciation | 1,704,000 | |||
NBV | $ 6,991,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 6463, Theda Clark Medical Center Office Pavilion | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 7,080,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,036,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 8,116,000 | |||
Total | 8,116,000 | |||
Accumulated Depreciation | 2,587,000 | |||
NBV | $ 5,529,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 6464, Aylward Medical Building Condo Floors 3 & 4 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,462,000 | |||
Costs Capitalized Subsequent to Acquisition | 95,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 4,557,000 | |||
Total | 4,557,000 | |||
Accumulated Depreciation | 1,593,000 | |||
NBV | $ 2,964,000 | |||
Life on Which Depreciation in Income Statement is Computed | 39 years | |||
Medical Office Buildings | 7787, Aurora Health Care-Neenah | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,033,000 | |||
Buildings and Improvements | 9,072,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,033,000 | |||
Buildings and Improvements | 9,072,000 | |||
Total | 11,105,000 | |||
Accumulated Depreciation | 1,898,000 | |||
NBV | $ 9,207,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3032, New Berlin Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 678,000 | |||
Buildings and Improvements | 7,121,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 678,000 | |||
Buildings and Improvements | 7,121,000 | |||
Total | 7,799,000 | |||
Accumulated Depreciation | 2,663,000 | |||
NBV | $ 5,136,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7790, United Healthcare-Onalaska | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,623,000 | |||
Buildings and Improvements | 5,527,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,623,000 | |||
Buildings and Improvements | 5,527,000 | |||
Total | 10,150,000 | |||
Accumulated Depreciation | 1,501,000 | |||
NBV | $ 8,649,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3036, WestWood Health & Fitness | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 823,000 | |||
Buildings and Improvements | 11,649,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 823,000 | |||
Buildings and Improvements | 11,649,000 | |||
Total | 12,472,000 | |||
Accumulated Depreciation | 4,380,000 | |||
NBV | $ 8,092,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7785, Aurora Health Care-Two Rivers | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,638,000 | |||
Buildings and Improvements | 25,308,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,638,000 | |||
Buildings and Improvements | 25,308,000 | |||
Total | 30,946,000 | |||
Accumulated Depreciation | 4,972,000 | |||
NBV | $ 25,974,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3033, Watertown Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 166,000 | |||
Buildings and Improvements | 3,234,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 166,000 | |||
Buildings and Improvements | 3,234,000 | |||
Total | 3,400,000 | |||
Accumulated Depreciation | 1,084,000 | |||
NBV | $ 2,316,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3034, Southside Clinic | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 218,000 | |||
Buildings and Improvements | 5,273,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 218,000 | |||
Buildings and Improvements | 5,273,000 | |||
Total | 5,491,000 | |||
Accumulated Depreciation | 1,790,000 | |||
NBV | $ 3,701,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 3035, Rehabilitation Hospital | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 372,000 | |||
Buildings and Improvements | 15,636,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 372,000 | |||
Buildings and Improvements | 15,636,000 | |||
Total | 16,008,000 | |||
Accumulated Depreciation | 4,665,000 | |||
NBV | $ 11,343,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | 7791, United Healthcare-Wauwatosa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,012,000 | |||
Buildings and Improvements | 15,992,000 | |||
Costs Capitalized Subsequent to Acquisition | 76,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,012,000 | |||
Buildings and Improvements | 16,068,000 | |||
Total | 24,080,000 | |||
Accumulated Depreciation | 3,851,000 | |||
NBV | $ 20,229,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | Community Physicians Pavilion, 6310 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,436,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,801,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,237,000 | |||
Total | 12,237,000 | |||
Accumulated Depreciation | 4,529,000 | |||
NBV | $ 7,708,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Medical Office Buildings | St. Francis Outpatient Surgery Center, 6553 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,007,000 | |||
Buildings and Improvements | 16,538,000 | |||
Costs Capitalized Subsequent to Acquisition | 997,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,007,000 | |||
Buildings and Improvements | 17,535,000 | |||
Total | 18,542,000 | |||
Accumulated Depreciation | 6,253,000 | |||
NBV | $ 12,289,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Life Sciences Office Buildings | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 252,252,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 126,447,000 | |||
Buildings and Improvements | 2,042,875,000 | |||
Costs Capitalized Subsequent to Acquisition | 108,745,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 125,761,000 | |||
Buildings and Improvements | 2,152,306,000 | |||
Total | 2,278,067,000 | |||
Accumulated Depreciation | 150,887,000 | |||
NBV | 2,127,180,000 | |||
Research and Innovation Center | 6794 Phoenix Biomedical Campus | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 26,493,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 26,493,000 | |||
Total | 26,493,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 26,493,000 | |||
Research and Innovation Center | 6750, 100 College Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,706,000 | |||
Buildings and Improvements | 186,570,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,213,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,706,000 | |||
Buildings and Improvements | 192,783,000 | |||
Total | 195,489,000 | |||
Accumulated Depreciation | 13,295,000 | |||
NBV | $ 182,194,000 | |||
Life on Which Depreciation in Income Statement is Computed | 59 years | |||
Research and Innovation Center | 6751, 300 George Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,262,000 | |||
Buildings and Improvements | 122,144,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,217,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,582,000 | |||
Buildings and Improvements | 128,041,000 | |||
Total | 130,623,000 | |||
Accumulated Depreciation | 9,486,000 | |||
NBV | $ 121,137,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6769, Univ. of Miami Life Science and Technology Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,249,000 | |||
Buildings and Improvements | 87,019,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,722,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,253,000 | |||
Buildings and Improvements | 92,737,000 | |||
Total | 94,990,000 | |||
Accumulated Depreciation | 8,581,000 | |||
NBV | $ 86,409,000 | |||
Life on Which Depreciation in Income Statement is Computed | 53 years | |||
Research and Innovation Center | 6768, IIT | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 30,000 | |||
Buildings and Improvements | 55,620,000 | |||
Costs Capitalized Subsequent to Acquisition | 678,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 30,000 | |||
Buildings and Improvements | 56,298,000 | |||
Total | 56,328,000 | |||
Accumulated Depreciation | 4,500,000 | |||
NBV | $ 51,828,000 | |||
Life on Which Depreciation in Income Statement is Computed | 46 years | |||
Research and Innovation Center | 1030 Mass Ave, 6795 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 12,175,000 | |||
Buildings and Improvements | 112,809,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 12,175,000 | |||
Buildings and Improvements | 112,809,000 | |||
Total | 124,984,000 | |||
Accumulated Depreciation | 2,536,000 | |||
NBV | $ 122,448,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6755, University of Maryland BioPark I Unit | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 113,000 | |||
Buildings and Improvements | 25,199,000 | |||
Costs Capitalized Subsequent to Acquisition | 793,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 113,000 | |||
Buildings and Improvements | 25,992,000 | |||
Total | 26,105,000 | |||
Accumulated Depreciation | 2,015,000 | |||
NBV | $ 24,090,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6756, University of Maryland BioPark II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 91,764,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,294,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 61,000 | |||
Buildings and Improvements | 96,058,000 | |||
Total | 96,119,000 | |||
Accumulated Depreciation | 7,968,000 | |||
NBV | $ 88,151,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6757, University of Maryland BioPark Garage | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 77,000 | |||
Buildings and Improvements | 4,677,000 | |||
Costs Capitalized Subsequent to Acquisition | 350,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 77,000 | |||
Buildings and Improvements | 5,027,000 | |||
Total | 5,104,000 | |||
Accumulated Depreciation | 675,000 | |||
NBV | $ 4,429,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Research and Innovation Center | 6758, Tributary Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,015,000 | |||
Buildings and Improvements | 15,905,000 | |||
Costs Capitalized Subsequent to Acquisition | 597,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,015,000 | |||
Buildings and Improvements | 16,502,000 | |||
Total | 20,517,000 | |||
Accumulated Depreciation | 1,925,000 | |||
NBV | $ 18,592,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Research and Innovation Center | 6759, Beckley Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,813,000 | |||
Buildings and Improvements | 13,481,000 | |||
Costs Capitalized Subsequent to Acquisition | 558,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,813,000 | |||
Buildings and Improvements | 14,039,000 | |||
Total | 16,852,000 | |||
Accumulated Depreciation | 1,688,000 | |||
NBV | $ 15,164,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Research and Innovation Center | 6776, 873 West Baltimore Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,067,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,067,000 | |||
Buildings and Improvements | 0 | |||
Total | 1,067,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 1,067,000 | |||
Research and Innovation Center | 6765, Heritage at 4240 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 403,000 | |||
Buildings and Improvements | 47,125,000 | |||
Costs Capitalized Subsequent to Acquisition | 836,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 452,000 | |||
Buildings and Improvements | 47,912,000 | |||
Total | 48,364,000 | |||
Accumulated Depreciation | 4,994,000 | |||
NBV | $ 43,370,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Research and Innovation Center | 6766, Cortex 1 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 631,000 | |||
Buildings and Improvements | 26,543,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,142,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 631,000 | |||
Buildings and Improvements | 27,685,000 | |||
Total | 28,316,000 | |||
Accumulated Depreciation | 3,091,000 | |||
NBV | $ 25,225,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6767, BRDG Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 606,000 | |||
Buildings and Improvements | 37,083,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,193,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 606,000 | |||
Buildings and Improvements | 39,276,000 | |||
Total | 39,882,000 | |||
Accumulated Depreciation | 3,326,000 | |||
NBV | $ 36,556,000 | |||
Life on Which Depreciation in Income Statement is Computed | 52 years | |||
Research and Innovation Center | 4220 Duncan Avenue | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 13,856,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,871,000 | |||
Buildings and Improvements | 35,044,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,150,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,871,000 | |||
Buildings and Improvements | 39,194,000 | |||
Total | 41,065,000 | |||
Accumulated Depreciation | 2,633,000 | |||
NBV | $ 38,432,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6775, 311 South Sarah Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,154,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,154,000 | |||
Buildings and Improvements | 0 | |||
Total | 5,154,000 | |||
Accumulated Depreciation | 158,000 | |||
NBV | 4,996,000 | |||
Research and Innovation Center | 4300 Duncan | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,818,000 | |||
Buildings and Improvements | 46,749,000 | |||
Costs Capitalized Subsequent to Acquisition | 18,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,818,000 | |||
Buildings and Improvements | 46,767,000 | |||
Total | 49,585,000 | |||
Accumulated Depreciation | 3,264,000 | |||
NBV | $ 46,321,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6764, Weston Parkway | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,372,000 | |||
Buildings and Improvements | 6,535,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,743,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,372,000 | |||
Buildings and Improvements | 8,278,000 | |||
Total | 9,650,000 | |||
Accumulated Depreciation | 1,080,000 | |||
NBV | $ 8,570,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6763, Patriot Drive | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,960,000 | |||
Buildings and Improvements | 10,749,000 | |||
Costs Capitalized Subsequent to Acquisition | 372,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,960,000 | |||
Buildings and Improvements | 11,121,000 | |||
Total | 13,081,000 | |||
Accumulated Depreciation | 1,067,000 | |||
NBV | $ 12,014,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6773, 701 W. Main Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,594,000 | |||
Buildings and Improvements | 57,781,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,801,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,619,000 | |||
Buildings and Improvements | 62,557,000 | |||
Total | 66,176,000 | |||
Accumulated Depreciation | 9,602,000 | |||
NBV | $ 56,574,000 | |||
Life on Which Depreciation in Income Statement is Computed | 60 years | |||
Research and Innovation Center | 6762, Paramount Parkway | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,016,000 | |||
Buildings and Improvements | 19,794,000 | |||
Costs Capitalized Subsequent to Acquisition | 617,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,016,000 | |||
Buildings and Improvements | 20,411,000 | |||
Total | 21,427,000 | |||
Accumulated Depreciation | 2,172,000 | |||
NBV | $ 19,255,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Research and Innovation Center | 6760, Wake 90 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,752,000 | |||
Buildings and Improvements | 79,949,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,296,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,752,000 | |||
Buildings and Improvements | 81,245,000 | |||
Total | 83,997,000 | |||
Accumulated Depreciation | 8,056,000 | |||
NBV | $ 75,941,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Research and Innovation Center | 6761, Wake 91 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,729,000 | |||
Buildings and Improvements | 73,690,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,729,000 | |||
Buildings and Improvements | 73,709,000 | |||
Total | 75,438,000 | |||
Accumulated Depreciation | 5,988,000 | |||
NBV | $ 69,450,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6772, Wake 60 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,000,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,243,000 | |||
Buildings and Improvements | 83,414,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,370,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,243,000 | |||
Buildings and Improvements | 84,784,000 | |||
Total | 86,027,000 | |||
Accumulated Depreciation | 9,164,000 | |||
NBV | $ 76,863,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6774, 450 North Patterson Avenue | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,930,000 | |||
Buildings and Improvements | 34,122,000 | |||
Costs Capitalized Subsequent to Acquisition | 155,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 846,000 | |||
Buildings and Improvements | 35,361,000 | |||
Total | 36,207,000 | |||
Accumulated Depreciation | 2,737,000 | |||
NBV | $ 33,470,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6754, Hershey Center Unit 1 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 813,000 | |||
Buildings and Improvements | 23,699,000 | |||
Costs Capitalized Subsequent to Acquisition | 937,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 813,000 | |||
Buildings and Improvements | 24,636,000 | |||
Total | 25,449,000 | |||
Accumulated Depreciation | 2,213,000 | |||
NBV | $ 23,236,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Research and Innovation Center | 6752, 3737 Market Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 67,945,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 40,000 | |||
Buildings and Improvements | 141,981,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,110,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 40,000 | |||
Buildings and Improvements | 148,091,000 | |||
Total | 148,131,000 | |||
Accumulated Depreciation | 9,961,000 | |||
NBV | $ 138,170,000 | |||
Life on Which Depreciation in Income Statement is Computed | 54 years | |||
Research and Innovation Center | 6753, 3711 Market Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 12,320,000 | |||
Buildings and Improvements | 69,278,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,796,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 12,320,000 | |||
Buildings and Improvements | 76,074,000 | |||
Total | 88,394,000 | |||
Accumulated Depreciation | 6,103,000 | |||
NBV | $ 82,291,000 | |||
Life on Which Depreciation in Income Statement is Computed | 48 years | |||
Research and Innovation Center | 6779, 3675 Market Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 111,876,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 11,370,000 | |||
Buildings and Improvements | 109,846,000 | |||
Costs Capitalized Subsequent to Acquisition | 42,275,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 11,370,000 | |||
Buildings and Improvements | 152,121,000 | |||
Total | 163,491,000 | |||
Accumulated Depreciation | 5,101,000 | |||
NBV | $ 158,390,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | 6780, 3701 Filbert Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,655,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,655,000 | |||
Buildings and Improvements | 0 | |||
Total | 3,655,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 3,655,000 | |||
Research and Innovation Center | 6781, 115 North 38th Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,165,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,165,000 | |||
Buildings and Improvements | 0 | |||
Total | 2,165,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 2,165,000 | |||
Research and Innovation Center | 6782, 225 North 38th Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,672,000 | |||
Buildings and Improvements | 1,260,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,672,000 | |||
Buildings and Improvements | 1,260,000 | |||
Total | 10,932,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 10,932,000 | |||
Research and Innovation Center | Fenton Urgent Care Center, 2987 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,500,000 | |||
Buildings and Improvements | 22,157,000 | |||
Costs Capitalized Subsequent to Acquisition | 96,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,500,000 | |||
Buildings and Improvements | 22,253,000 | |||
Total | 26,753,000 | |||
Accumulated Depreciation | 812,000 | |||
NBV | $ 25,941,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | Drexel Academic Tower, 6798 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,177,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 10,177,000 | |||
Total | 10,177,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 10,177,000 | |||
Research and Innovation Center | 75 N. 38th Street, 6799 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,432,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,432,000 | |||
Buildings and Improvements | 0 | |||
Total | 9,432,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 9,432,000 | |||
Research and Innovation Center | One uCity Development, 6900 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,162,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 6,162,000 | |||
Total | 6,162,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 6,162,000 | |||
Research and Innovation Center | Pittsburgh Phase 1, 6796 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 28,342,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 28,342,000 | |||
Total | 28,342,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 28,342,000 | |||
Research and Innovation Center | Pittsburgh Phase 2, 6797 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,999,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 1,999,000 | |||
Total | 1,999,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 1,999,000 | |||
Research and Innovation Center | South Street Landing | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,358,000 | |||
Buildings and Improvements | 111,797,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,261,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,358,000 | |||
Buildings and Improvements | 110,536,000 | |||
Total | 116,894,000 | |||
Accumulated Depreciation | 4,406,000 | |||
NBV | $ 112,488,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Research and Innovation Center | 2/3 Davol Square | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,537,000 | |||
Buildings and Improvements | 6,886,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,116,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,537,000 | |||
Buildings and Improvements | 14,002,000 | |||
Total | 18,539,000 | |||
Accumulated Depreciation | 1,868,000 | |||
NBV | $ 16,671,000 | |||
Life on Which Depreciation in Income Statement is Computed | 15 years | |||
Research and Innovation Center | One Ship Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,943,000 | |||
Buildings and Improvements | 1,734,000 | |||
Costs Capitalized Subsequent to Acquisition | (29,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,943,000 | |||
Buildings and Improvements | 1,705,000 | |||
Total | 3,648,000 | |||
Accumulated Depreciation | 198,000 | |||
NBV | $ 3,450,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Research and Innovation Center | Brown Academic Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 43,575,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 68,335,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 68,335,000 | |||
Total | 68,335,000 | |||
Accumulated Depreciation | 423,000 | |||
NBV | $ 67,912,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | Providence Phase 2, 6789 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,251,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,251,000 | |||
Buildings and Improvements | 0 | |||
Total | 2,251,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 2,251,000 | |||
Research and Innovation Center | 6770, IRP I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 60,000 | |||
Buildings and Improvements | 20,084,000 | |||
Costs Capitalized Subsequent to Acquisition | 775,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 60,000 | |||
Buildings and Improvements | 20,859,000 | |||
Total | 20,919,000 | |||
Accumulated Depreciation | 1,702,000 | |||
NBV | $ 19,217,000 | |||
Life on Which Depreciation in Income Statement is Computed | 55 years | |||
Research and Innovation Center | 6771, IRP II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 69,000 | |||
Buildings and Improvements | 21,255,000 | |||
Costs Capitalized Subsequent to Acquisition | 808,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 69,000 | |||
Buildings and Improvements | 22,063,000 | |||
Total | 22,132,000 | |||
Accumulated Depreciation | 1,781,000 | |||
NBV | $ 20,351,000 | |||
Life on Which Depreciation in Income Statement is Computed | 55 years | |||
Research and Innovation Center | Wexford Biotech 8 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,615,000 | |||
Buildings and Improvements | 85,514,000 | |||
Costs Capitalized Subsequent to Acquisition | 988,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,615,000 | |||
Buildings and Improvements | 86,502,000 | |||
Total | 89,117,000 | |||
Accumulated Depreciation | 6,318,000 | |||
NBV | $ 82,799,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Research and Innovation Center | VTR Pre Development Expense [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,110,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 12,110,000 | |||
Total | 12,110,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 12,110,000 | |||
Office Building | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 642,825,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 510,797,000 | |||
Buildings and Improvements | 6,303,476,000 | |||
Costs Capitalized Subsequent to Acquisition | 463,765,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 505,587,000 | |||
Buildings and Improvements | 6,772,451,000 | |||
Total | 7,278,038,000 | |||
Accumulated Depreciation | 1,447,741,000 | |||
NBV | 5,830,297,000 | |||
Kindred | Specialty Hospitals [Member] | 4644, Kindred Hospital - Brea | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,144,000 | |||
Buildings and Improvements | 2,611,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,144,000 | |||
Buildings and Improvements | 2,611,000 | |||
Total | 5,755,000 | |||
Accumulated Depreciation | 1,605,000 | |||
NBV | $ 4,150,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4807, Kindred Hospital - Ontario | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 523,000 | |||
Buildings and Improvements | 2,988,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 523,000 | |||
Buildings and Improvements | 2,988,000 | |||
Total | 3,511,000 | |||
Accumulated Depreciation | 3,228,000 | |||
NBV | $ 283,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Kindred | Specialty Hospitals [Member] | 4848, Kindred Hospital - San Diego | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 670,000 | |||
Buildings and Improvements | 11,764,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 670,000 | |||
Buildings and Improvements | 11,764,000 | |||
Total | 12,434,000 | |||
Accumulated Depreciation | 11,942,000 | |||
NBV | $ 492,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Kindred | Specialty Hospitals [Member] | 4822, Kindred Hospital - San Francisco Bay Area | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,735,000 | |||
Buildings and Improvements | 5,870,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,735,000 | |||
Buildings and Improvements | 5,870,000 | |||
Total | 8,605,000 | |||
Accumulated Depreciation | 6,187,000 | |||
NBV | $ 2,418,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Kindred | Specialty Hospitals [Member] | 4842, Kindred Hospital - Westminster | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 727,000 | |||
Buildings and Improvements | 7,384,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 727,000 | |||
Buildings and Improvements | 7,384,000 | |||
Total | 8,111,000 | |||
Accumulated Depreciation | 7,562,000 | |||
NBV | $ 549,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4665, Kindred Hospital - Denver | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 896,000 | |||
Buildings and Improvements | 6,367,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 896,000 | |||
Buildings and Improvements | 6,367,000 | |||
Total | 7,263,000 | |||
Accumulated Depreciation | 6,712,000 | |||
NBV | $ 551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4602, Kindred Hospital - South Florida - Coral Gables | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,071,000 | |||
Buildings and Improvements | 5,348,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,000,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 71,000 | |||
Buildings and Improvements | 5,348,000 | |||
Total | 5,419,000 | |||
Accumulated Depreciation | 5,196,000 | |||
NBV | $ 223,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Kindred | Specialty Hospitals [Member] | 4645, Kindred Hospital - South Florida Ft. Lauderdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,758,000 | |||
Buildings and Improvements | 14,080,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,758,000 | |||
Buildings and Improvements | 14,080,000 | |||
Total | 15,838,000 | |||
Accumulated Depreciation | 14,154,000 | |||
NBV | $ 1,684,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Kindred | Specialty Hospitals [Member] | 4652, Kindred Hospital - North Florida | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 145,000 | |||
Buildings and Improvements | 4,613,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 145,000 | |||
Buildings and Improvements | 4,613,000 | |||
Total | 4,758,000 | |||
Accumulated Depreciation | 4,683,000 | |||
NBV | $ 75,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4876, Kindred Hospital - South Florida - Hollywood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 605,000 | |||
Buildings and Improvements | 5,229,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 605,000 | |||
Buildings and Improvements | 5,229,000 | |||
Total | 5,834,000 | |||
Accumulated Depreciation | 5,234,000 | |||
NBV | $ 600,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4611, Kindred Hospital - Bay Area St. Petersburg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,401,000 | |||
Buildings and Improvements | 16,706,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,401,000 | |||
Buildings and Improvements | 16,706,000 | |||
Total | 18,107,000 | |||
Accumulated Depreciation | 15,050,000 | |||
NBV | $ 3,057,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4674, Kindred Hospital - Central Tampa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,732,000 | |||
Buildings and Improvements | 7,676,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,732,000 | |||
Buildings and Improvements | 7,676,000 | |||
Total | 10,408,000 | |||
Accumulated Depreciation | 5,647,000 | |||
NBV | $ 4,761,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4637, Kindred Hospital - Chicago (North Campus) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,583,000 | |||
Buildings and Improvements | 19,980,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,583,000 | |||
Buildings and Improvements | 19,980,000 | |||
Total | 21,563,000 | |||
Accumulated Depreciation | 20,004,000 | |||
NBV | $ 1,559,000 | |||
Life on Which Depreciation in Income Statement is Computed | 25 years | |||
Kindred | Specialty Hospitals [Member] | 4871, Kindred - Chicago - Lakeshore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,513,000 | |||
Buildings and Improvements | 9,525,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,513,000 | |||
Buildings and Improvements | 9,525,000 | |||
Total | 11,038,000 | |||
Accumulated Depreciation | 9,480,000 | |||
NBV | $ 1,558,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4690, Kindred Hospital - Chicago (Northlake Campus) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 850,000 | |||
Buildings and Improvements | 6,498,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 850,000 | |||
Buildings and Improvements | 6,498,000 | |||
Total | 7,348,000 | |||
Accumulated Depreciation | 6,552,000 | |||
NBV | $ 796,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Kindred | Specialty Hospitals [Member] | 4615, Kindred Hospital - Sycamore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 77,000 | |||
Buildings and Improvements | 8,549,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 77,000 | |||
Buildings and Improvements | 8,549,000 | |||
Total | 8,626,000 | |||
Accumulated Depreciation | 8,403,000 | |||
NBV | $ 223,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4638, Kindred Hospital - Indianapolis | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 985,000 | |||
Buildings and Improvements | 3,801,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 985,000 | |||
Buildings and Improvements | 3,801,000 | |||
Total | 4,786,000 | |||
Accumulated Depreciation | 3,775,000 | |||
NBV | $ 1,011,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Kindred | Specialty Hospitals [Member] | 4633, Kindred Hospital - Louisville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,041,000 | |||
Buildings and Improvements | 12,279,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,041,000 | |||
Buildings and Improvements | 12,279,000 | |||
Total | 15,320,000 | |||
Accumulated Depreciation | 12,580,000 | |||
NBV | $ 2,740,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | 4680, Kindred Hospital - St. Louis | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,126,000 | |||
Buildings and Improvements | 2,087,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,126,000 | |||
Buildings and Improvements | 2,087,000 | |||
Total | 3,213,000 | |||
Accumulated Depreciation | 2,020,000 | |||
NBV | $ 1,193,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4647, Kindred Hospital - Las Vegas (Sahara) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,110,000 | |||
Buildings and Improvements | 2,177,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,110,000 | |||
Buildings and Improvements | 2,177,000 | |||
Total | 3,287,000 | |||
Accumulated Depreciation | 1,543,000 | |||
NBV | $ 1,744,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4664, Kindred Hospital - Albuquerque | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 11,000 | |||
Buildings and Improvements | 4,253,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 11,000 | |||
Buildings and Improvements | 4,253,000 | |||
Total | 4,264,000 | |||
Accumulated Depreciation | 3,125,000 | |||
NBV | $ 1,139,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4662, Kindred Hospital - Greensboro | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,010,000 | |||
Buildings and Improvements | 7,586,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,010,000 | |||
Buildings and Improvements | 7,586,000 | |||
Total | 8,596,000 | |||
Accumulated Depreciation | 7,758,000 | |||
NBV | $ 838,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | University Hospitals Rehabilitation Hospital, 2725 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 16,444,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 16,444,000 | |||
Total | 18,244,000 | |||
Accumulated Depreciation | 3,176,000 | |||
NBV | $ 15,068,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Kindred | Specialty Hospitals [Member] | 4614, Kindred Hospital - Philadelphia | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 135,000 | |||
Buildings and Improvements | 5,223,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 135,000 | |||
Buildings and Improvements | 5,223,000 | |||
Total | 5,358,000 | |||
Accumulated Depreciation | 3,807,000 | |||
NBV | $ 1,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Kindred | Specialty Hospitals [Member] | Kindred Hospital - Chattanooga, 4628 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 756,000 | |||
Buildings and Improvements | 4,415,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 756,000 | |||
Buildings and Improvements | 4,415,000 | |||
Total | 5,171,000 | |||
Accumulated Depreciation | 4,288,000 | |||
NBV | $ 883,000 | |||
Life on Which Depreciation in Income Statement is Computed | 22 years | |||
Kindred | Specialty Hospitals [Member] | Kindred Hospital - Tarrant County (Fort Worth Southwest), 4653 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,342,000 | |||
Buildings and Improvements | 7,458,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,342,000 | |||
Buildings and Improvements | 7,458,000 | |||
Total | 9,800,000 | |||
Accumulated Depreciation | 7,507,000 | |||
NBV | $ 2,293,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | Kindred Hospital (Houston Northwest), 4654 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,699,000 | |||
Buildings and Improvements | 6,788,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,699,000 | |||
Buildings and Improvements | 6,788,000 | |||
Total | 8,487,000 | |||
Accumulated Depreciation | 6,080,000 | |||
NBV | $ 2,407,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | 4685, Kindred Hospital - Houston | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 33,000 | |||
Buildings and Improvements | 7,062,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 33,000 | |||
Buildings and Improvements | 7,062,000 | |||
Total | 7,095,000 | |||
Accumulated Depreciation | 6,726,000 | |||
NBV | $ 369,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Kindred | Specialty Hospitals [Member] | Kindred Hospital - Mansfield, 4660 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 267,000 | |||
Buildings and Improvements | 2,462,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 267,000 | |||
Buildings and Improvements | 2,462,000 | |||
Total | 2,729,000 | |||
Accumulated Depreciation | 2,127,000 | |||
NBV | $ 602,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Kindred | Specialty Hospitals [Member] | Kindred Hospital - San Antonio, 4635 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 249,000 | |||
Buildings and Improvements | 11,413,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 249,000 | |||
Buildings and Improvements | 11,413,000 | |||
Total | 11,662,000 | |||
Accumulated Depreciation | 10,236,000 | |||
NBV | $ 1,426,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 12,986,000 | |||
Buildings and Improvements | 183,538,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,589,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 13,166,000 | |||
Buildings and Improvements | 186,947,000 | |||
Total | 200,113,000 | |||
Accumulated Depreciation | 70,991,000 | |||
NBV | 129,122,000 | |||
Non-kindred [Member] | Skilled Nursing Facilities | 0744, Englewood Post Acute and Rehabilitation | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 241,000 | |||
Buildings and Improvements | 2,180,000 | |||
Costs Capitalized Subsequent to Acquisition | 194,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 241,000 | |||
Buildings and Improvements | 2,374,000 | |||
Total | 2,615,000 | |||
Accumulated Depreciation | 2,161,000 | |||
NBV | $ 454,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2437, Brookdale Lisle SNF | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 730,000 | |||
Buildings and Improvements | 9,270,000 | |||
Costs Capitalized Subsequent to Acquisition | 711,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 910,000 | |||
Buildings and Improvements | 9,801,000 | |||
Total | 10,711,000 | |||
Accumulated Depreciation | 3,363,000 | |||
NBV | $ 7,348,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2505, Lopatcong Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,490,000 | |||
Buildings and Improvements | 12,336,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,490,000 | |||
Buildings and Improvements | 12,336,000 | |||
Total | 13,826,000 | |||
Accumulated Depreciation | 6,815,000 | |||
NBV | $ 7,011,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2507, The Belvedere | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 822,000 | |||
Buildings and Improvements | 7,203,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 822,000 | |||
Buildings and Improvements | 7,203,000 | |||
Total | 8,025,000 | |||
Accumulated Depreciation | 3,970,000 | |||
NBV | $ 4,055,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2509, Pennsburg Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,091,000 | |||
Buildings and Improvements | 7,871,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,091,000 | |||
Buildings and Improvements | 7,871,000 | |||
Total | 8,962,000 | |||
Accumulated Depreciation | 4,384,000 | |||
NBV | $ 4,578,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2508, Chapel Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,595,000 | |||
Buildings and Improvements | 13,982,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,358,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,595,000 | |||
Buildings and Improvements | 15,340,000 | |||
Total | 16,935,000 | |||
Accumulated Depreciation | 9,036,000 | |||
NBV | $ 7,899,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2506, Wayne Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 662,000 | |||
Buildings and Improvements | 6,872,000 | |||
Costs Capitalized Subsequent to Acquisition | 850,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 662,000 | |||
Buildings and Improvements | 7,722,000 | |||
Total | 8,384,000 | |||
Accumulated Depreciation | 4,616,000 | |||
NBV | $ 3,768,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 3924, Everett Rehabilitation & Care | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,750,000 | |||
Buildings and Improvements | 27,337,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,750,000 | |||
Buildings and Improvements | 27,337,000 | |||
Total | 30,087,000 | |||
Accumulated Depreciation | 7,058,000 | |||
NBV | $ 23,029,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 0127, Beacon Hill Rehabilitation | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 145,000 | |||
Buildings and Improvements | 2,563,000 | |||
Costs Capitalized Subsequent to Acquisition | 171,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 145,000 | |||
Buildings and Improvements | 2,734,000 | |||
Total | 2,879,000 | |||
Accumulated Depreciation | 2,589,000 | |||
NBV | $ 290,000 | |||
Life on Which Depreciation in Income Statement is Computed | 29 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 3921, Columbia Crest Care & Rehabilitation Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 17,439,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 17,439,000 | |||
Total | 18,099,000 | |||
Accumulated Depreciation | 4,575,000 | |||
NBV | $ 13,524,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 3922, Lake Ridge Solana Alzheimer's Care Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 8,866,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 8,866,000 | |||
Total | 9,526,000 | |||
Accumulated Depreciation | 2,408,000 | |||
NBV | $ 7,118,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 0165, Rainier Vista Care Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 520,000 | |||
Buildings and Improvements | 4,780,000 | |||
Costs Capitalized Subsequent to Acquisition | 305,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 520,000 | |||
Buildings and Improvements | 5,085,000 | |||
Total | 5,605,000 | |||
Accumulated Depreciation | 3,676,000 | |||
NBV | $ 1,929,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2513, Logan Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 300,000 | |||
Buildings and Improvements | 12,959,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 300,000 | |||
Buildings and Improvements | 12,959,000 | |||
Total | 13,259,000 | |||
Accumulated Depreciation | 3,344,000 | |||
NBV | $ 9,915,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2514, Ravenswood Healthcare Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 12,710,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 12,710,000 | |||
Total | 13,030,000 | |||
Accumulated Depreciation | 3,293,000 | |||
NBV | $ 9,737,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2512, Valley Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 750,000 | |||
Buildings and Improvements | 24,115,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 750,000 | |||
Buildings and Improvements | 24,115,000 | |||
Total | 24,865,000 | |||
Accumulated Depreciation | 6,302,000 | |||
NBV | $ 18,563,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Non-kindred [Member] | Skilled Nursing Facilities | 2515, White Sulphur | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 13,055,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 13,055,000 | |||
Total | 13,305,000 | |||
Accumulated Depreciation | 3,401,000 | |||
NBV | $ 9,904,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Ardent | General Acute Care Hospitals | 2550, Lovelace Medical Center Downtown NM | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,840,000 | |||
Buildings and Improvements | 154,017,000 | |||
Costs Capitalized Subsequent to Acquisition | 9,763,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,928,000 | |||
Buildings and Improvements | 163,692,000 | |||
Total | 173,620,000 | |||
Accumulated Depreciation | 24,502,000 | |||
NBV | $ 149,118,000 | |||
Life on Which Depreciation in Income Statement is Computed | 33 years 6 months | |||
Ardent | General Acute Care Hospitals | 2552, Lovelace Westside Hospital NM | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 10,107,000 | |||
Buildings and Improvements | 13,576,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,133,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 10,107,000 | |||
Buildings and Improvements | 15,709,000 | |||
Total | 25,816,000 | |||
Accumulated Depreciation | 5,451,000 | |||
NBV | $ 20,365,000 | |||
Life on Which Depreciation in Income Statement is Computed | 20 years | |||
Ardent | General Acute Care Hospitals | 2553, Lovelace Womens Hospital NM | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,236,000 | |||
Buildings and Improvements | 175,142,000 | |||
Costs Capitalized Subsequent to Acquisition | 20,075,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,236,000 | |||
Buildings and Improvements | 195,217,000 | |||
Total | 202,453,000 | |||
Accumulated Depreciation | 19,417,000 | |||
NBV | $ 183,036,000 | |||
Life on Which Depreciation in Income Statement is Computed | 47 years | |||
Ardent | General Acute Care Hospitals | 2554, Roswell Regional Hospital NM | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,560,000 | |||
Buildings and Improvements | 41,125,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,186,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,560,000 | |||
Buildings and Improvements | 43,311,000 | |||
Total | 45,871,000 | |||
Accumulated Depreciation | 4,662,000 | |||
NBV | $ 41,209,000 | |||
Life on Which Depreciation in Income Statement is Computed | 47 years | |||
Ardent | General Acute Care Hospitals | 2558, Hillcrest Hospital Claremore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,623,000 | |||
Buildings and Improvements | 23,864,000 | |||
Costs Capitalized Subsequent to Acquisition | 638,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,623,000 | |||
Buildings and Improvements | 24,502,000 | |||
Total | 28,125,000 | |||
Accumulated Depreciation | 3,296,000 | |||
NBV | $ 24,829,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Ardent | General Acute Care Hospitals | 2557, Bailey Medical Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,964,000 | |||
Buildings and Improvements | 7,059,000 | |||
Costs Capitalized Subsequent to Acquisition | 155,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,964,000 | |||
Buildings and Improvements | 7,214,000 | |||
Total | 12,178,000 | |||
Accumulated Depreciation | 1,484,000 | |||
NBV | $ 10,694,000 | |||
Life on Which Depreciation in Income Statement is Computed | 32 years 6 months | |||
Ardent | General Acute Care Hospitals | 2555, Hillcrest Medical Center Tulsa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 28,319,000 | |||
Buildings and Improvements | 215,959,000 | |||
Costs Capitalized Subsequent to Acquisition | 12,718,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 28,319,000 | |||
Buildings and Improvements | 228,677,000 | |||
Total | 256,996,000 | |||
Accumulated Depreciation | 32,698,000 | |||
NBV | $ 224,298,000 | |||
Life on Which Depreciation in Income Statement is Computed | 34 years | |||
Ardent | General Acute Care Hospitals | 2556, Hillcrest Hospital South Tulsa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 17,026,000 | |||
Buildings and Improvements | 112,231,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,016,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 17,026,000 | |||
Buildings and Improvements | 113,247,000 | |||
Total | 130,273,000 | |||
Accumulated Depreciation | 13,703,000 | |||
NBV | $ 116,570,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Ardent | General Acute Care Hospitals | SouthCreek Medical Plaza, 2595 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,943,000 | |||
Buildings and Improvements | 17,860,000 | |||
Costs Capitalized Subsequent to Acquisition | 599,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,943,000 | |||
Buildings and Improvements | 18,459,000 | |||
Total | 21,402,000 | |||
Accumulated Depreciation | 819,000 | |||
NBV | $ 20,583,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Ardent | General Acute Care Hospitals | 2559, Baptist St. Anthony's Hospital | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 13,779,000 | |||
Buildings and Improvements | 357,733,000 | |||
Costs Capitalized Subsequent to Acquisition | 26,812,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 13,015,000 | |||
Buildings and Improvements | 385,309,000 | |||
Total | 398,324,000 | |||
Accumulated Depreciation | 39,473,000 | |||
NBV | $ 358,851,000 | |||
Life on Which Depreciation in Income Statement is Computed | 44 years 6 months | |||
Ardent | Specialty Hospitals [Member] | 2551, Lovelace Rehabilitation Hospital - New Mexico | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 401,000 | |||
Buildings and Improvements | 17,796,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,068,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 401,000 | |||
Buildings and Improvements | 18,864,000 | |||
Total | 19,265,000 | |||
Accumulated Depreciation | 2,646,000 | |||
NBV | $ 16,619,000 | |||
Life on Which Depreciation in Income Statement is Computed | 36 years | |||
Ardent | Specialty Hospitals [Member] | Ardent Harrington Cancer Center, 2596 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 974,000 | |||
Buildings and Improvements | 7,752,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 974,000 | |||
Buildings and Improvements | 7,752,000 | |||
Total | 8,726,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 8,726,000 | |||
Brookdale Senior Living | Seniors Housing Communities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 48,497,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 181,975,000 | |||
Buildings and Improvements | 1,735,803,000 | |||
Costs Capitalized Subsequent to Acquisition | 113,805,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 180,918,000 | |||
Buildings and Improvements | 1,850,665,000 | |||
Total | 2,031,583,000 | |||
Accumulated Depreciation | 743,816,000 | |||
NBV | 1,287,767,000 | |||
Brookdale Senior Living | Seniors Housing Communities | 2466, Brookdale Chandler Ray Road | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,000,000 | |||
Buildings and Improvements | 6,538,000 | |||
Costs Capitalized Subsequent to Acquisition | 178,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,000,000 | |||
Buildings and Improvements | 6,716,000 | |||
Total | 8,716,000 | |||
Accumulated Depreciation | 1,836,000 | |||
NBV | $ 6,880,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2424, The Springs of East Mesa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,747,000 | |||
Buildings and Improvements | 24,918,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,401,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,751,000 | |||
Buildings and Improvements | 26,315,000 | |||
Total | 29,066,000 | |||
Accumulated Depreciation | 12,087,000 | |||
NBV | $ 16,979,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3219, Brookdale East Arbor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 655,000 | |||
Buildings and Improvements | 6,998,000 | |||
Costs Capitalized Subsequent to Acquisition | 196,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 711,000 | |||
Buildings and Improvements | 7,138,000 | |||
Total | 7,849,000 | |||
Accumulated Depreciation | 3,377,000 | |||
NBV | $ 4,472,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3225, Clare Bridge of Oro Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 666,000 | |||
Buildings and Improvements | 6,169,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 666,000 | |||
Buildings and Improvements | 6,169,000 | |||
Total | 6,835,000 | |||
Accumulated Depreciation | 2,966,000 | |||
NBV | $ 3,869,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3227, Sterling House of Peoria | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 598,000 | |||
Buildings and Improvements | 4,872,000 | |||
Costs Capitalized Subsequent to Acquisition | 670,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 650,000 | |||
Buildings and Improvements | 5,490,000 | |||
Total | 6,140,000 | |||
Accumulated Depreciation | 2,346,000 | |||
NBV | $ 3,794,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3236, Clare Bridge of Tempe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 611,000 | |||
Buildings and Improvements | 4,066,000 | |||
Costs Capitalized Subsequent to Acquisition | 150,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 611,000 | |||
Buildings and Improvements | 4,216,000 | |||
Total | 4,827,000 | |||
Accumulated Depreciation | 1,960,000 | |||
NBV | $ 2,867,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3238, Sterling House on East Speedway | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 506,000 | |||
Buildings and Improvements | 4,745,000 | |||
Costs Capitalized Subsequent to Acquisition | 50,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 556,000 | |||
Buildings and Improvements | 4,745,000 | |||
Total | 5,301,000 | |||
Accumulated Depreciation | 2,282,000 | |||
NBV | $ 3,019,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2803, Emeritus at Fairwood Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,464,000 | |||
Buildings and Improvements | 7,908,000 | |||
Costs Capitalized Subsequent to Acquisition | 95,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,464,000 | |||
Buildings and Improvements | 8,003,000 | |||
Total | 10,467,000 | |||
Accumulated Depreciation | 3,598,000 | |||
NBV | $ 6,869,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2426, Woodside Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,669,000 | |||
Buildings and Improvements | 66,691,000 | |||
Costs Capitalized Subsequent to Acquisition | 422,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,719,000 | |||
Buildings and Improvements | 67,063,000 | |||
Total | 74,782,000 | |||
Accumulated Depreciation | 32,460,000 | |||
NBV | $ 42,322,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2428, The Atrium | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,240,000 | |||
Buildings and Improvements | 66,329,000 | |||
Costs Capitalized Subsequent to Acquisition | 14,386,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,250,000 | |||
Buildings and Improvements | 80,705,000 | |||
Total | 86,955,000 | |||
Accumulated Depreciation | 34,064,000 | |||
NBV | $ 52,891,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2429, Brookdale Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,288,000 | |||
Buildings and Improvements | 36,204,000 | |||
Costs Capitalized Subsequent to Acquisition | 235,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,314,000 | |||
Buildings and Improvements | 36,413,000 | |||
Total | 40,727,000 | |||
Accumulated Depreciation | 17,723,000 | |||
NBV | $ 23,004,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2804, Emeritus at Heritage Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,110,000 | |||
Buildings and Improvements | 13,296,000 | |||
Costs Capitalized Subsequent to Acquisition | 521,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,110,000 | |||
Buildings and Improvements | 13,817,000 | |||
Total | 14,927,000 | |||
Accumulated Depreciation | 5,758,000 | |||
NBV | $ 9,169,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2438, Ridge Point Assisted Living Inn | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,290,000 | |||
Buildings and Improvements | 20,683,000 | |||
Costs Capitalized Subsequent to Acquisition | 402,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,414,000 | |||
Buildings and Improvements | 20,961,000 | |||
Total | 22,375,000 | |||
Accumulated Depreciation | 5,489,000 | |||
NBV | $ 16,886,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3206, Wynwood of Colorado Springs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 715,000 | |||
Buildings and Improvements | 9,279,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 715,000 | |||
Buildings and Improvements | 9,279,000 | |||
Total | 9,994,000 | |||
Accumulated Depreciation | 4,462,000 | |||
NBV | $ 5,532,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3220, Wynwood of Pueblo | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 840,000 | |||
Buildings and Improvements | 9,403,000 | |||
Costs Capitalized Subsequent to Acquisition | 76,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 874,000 | |||
Buildings and Improvements | 9,445,000 | |||
Total | 10,319,000 | |||
Accumulated Depreciation | 4,523,000 | |||
NBV | $ 5,796,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2420, The Gables at Farmington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,995,000 | |||
Buildings and Improvements | 36,310,000 | |||
Costs Capitalized Subsequent to Acquisition | 492,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,016,000 | |||
Buildings and Improvements | 36,781,000 | |||
Total | 40,797,000 | |||
Accumulated Depreciation | 17,572,000 | |||
NBV | $ 23,225,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2802, Emeritus at South Windsor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,187,000 | |||
Buildings and Improvements | 12,682,000 | |||
Costs Capitalized Subsequent to Acquisition | 88,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,198,000 | |||
Buildings and Improvements | 12,759,000 | |||
Total | 14,957,000 | |||
Accumulated Depreciation | 5,726,000 | |||
NBV | $ 9,231,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2435, Chatfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,493,000 | |||
Buildings and Improvements | 22,833,000 | |||
Costs Capitalized Subsequent to Acquisition | 23,667,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,493,000 | |||
Buildings and Improvements | 46,500,000 | |||
Total | 48,993,000 | |||
Accumulated Depreciation | 13,584,000 | |||
NBV | $ 35,409,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2807, Sterling House of Salina II Bonita | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,540,000 | |||
Buildings and Improvements | 10,783,000 | |||
Costs Capitalized Subsequent to Acquisition | 726,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,594,000 | |||
Buildings and Improvements | 11,455,000 | |||
Total | 13,049,000 | |||
Accumulated Depreciation | 5,185,000 | |||
NBV | $ 7,864,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2808, Emeritus at Boynton Beach | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,317,000 | |||
Buildings and Improvements | 16,218,000 | |||
Costs Capitalized Subsequent to Acquisition | 903,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,347,000 | |||
Buildings and Improvements | 17,091,000 | |||
Total | 19,438,000 | |||
Accumulated Depreciation | 7,572,000 | |||
NBV | $ 11,866,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2809, Emeritus at Deer Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,399,000 | |||
Buildings and Improvements | 9,791,000 | |||
Costs Capitalized Subsequent to Acquisition | 18,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,399,000 | |||
Buildings and Improvements | 9,809,000 | |||
Total | 11,208,000 | |||
Accumulated Depreciation | 4,850,000 | |||
NBV | $ 6,358,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3258, Clare Bridge of Ft. Myers | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,510,000 | |||
Buildings and Improvements | 7,862,000 | |||
Costs Capitalized Subsequent to Acquisition | 390,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,510,000 | |||
Buildings and Improvements | 8,252,000 | |||
Total | 9,762,000 | |||
Accumulated Depreciation | 2,059,000 | |||
NBV | $ 7,703,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2458, Sterling House of Merrimac | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 16,745,000 | |||
Costs Capitalized Subsequent to Acquisition | 140,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 16,885,000 | |||
Total | 17,745,000 | |||
Accumulated Depreciation | 4,256,000 | |||
NBV | $ 13,489,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3260, Clare Bridge of Jacksonville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,300,000 | |||
Buildings and Improvements | 9,659,000 | |||
Costs Capitalized Subsequent to Acquisition | 567,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,300,000 | |||
Buildings and Improvements | 10,226,000 | |||
Total | 11,526,000 | |||
Accumulated Depreciation | 2,493,000 | |||
NBV | $ 9,033,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2810, Emeritus at Jensen Beach | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,831,000 | |||
Buildings and Improvements | 12,820,000 | |||
Costs Capitalized Subsequent to Acquisition | 639,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,831,000 | |||
Buildings and Improvements | 13,459,000 | |||
Total | 15,290,000 | |||
Accumulated Depreciation | 6,113,000 | |||
NBV | $ 9,177,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3259, Sterling House of Ormond Beach | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 9,738,000 | |||
Costs Capitalized Subsequent to Acquisition | 27,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 9,765,000 | |||
Total | 11,425,000 | |||
Accumulated Depreciation | 2,530,000 | |||
NBV | $ 8,895,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2460, Sterling House of Palm Coast | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 9,187,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 9,187,000 | |||
Total | 9,657,000 | |||
Accumulated Depreciation | 2,399,000 | |||
NBV | $ 7,258,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3226, Sterling House of Pensacola | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 633,000 | |||
Buildings and Improvements | 6,087,000 | |||
Costs Capitalized Subsequent to Acquisition | 11,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 633,000 | |||
Buildings and Improvements | 6,098,000 | |||
Total | 6,731,000 | |||
Accumulated Depreciation | 2,929,000 | |||
NBV | $ 3,802,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2461, Sterling House of Englewood (FL) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,740,000 | |||
Buildings and Improvements | 4,331,000 | |||
Costs Capitalized Subsequent to Acquisition | 170,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,740,000 | |||
Buildings and Improvements | 4,501,000 | |||
Total | 6,241,000 | |||
Accumulated Depreciation | 1,348,000 | |||
NBV | $ 4,893,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3235, Clare Bridge of Tallahassee | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 667,000 | |||
Buildings and Improvements | 6,168,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 667,000 | |||
Buildings and Improvements | 6,168,000 | |||
Total | 6,835,000 | |||
Accumulated Depreciation | 2,966,000 | |||
NBV | $ 3,869,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2452, Sterling House of Tavares | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 280,000 | |||
Buildings and Improvements | 15,980,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 280,000 | |||
Buildings and Improvements | 15,980,000 | |||
Total | 16,260,000 | |||
Accumulated Depreciation | 4,058,000 | |||
NBV | $ 12,202,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3241, Clare Bridge of West Melbourne | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 586,000 | |||
Buildings and Improvements | 5,481,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 586,000 | |||
Buildings and Improvements | 5,481,000 | |||
Total | 6,067,000 | |||
Accumulated Depreciation | 2,635,000 | |||
NBV | $ 3,432,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2436, The Classic at West Palm Beach | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,758,000 | |||
Buildings and Improvements | 33,072,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,277,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,935,000 | |||
Buildings and Improvements | 34,172,000 | |||
Total | 38,107,000 | |||
Accumulated Depreciation | 16,151,000 | |||
NBV | $ 21,956,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3245, Clare Bridge Cottage of Winter Haven | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 232,000 | |||
Buildings and Improvements | 3,006,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 232,000 | |||
Buildings and Improvements | 3,006,000 | |||
Total | 3,238,000 | |||
Accumulated Depreciation | 1,445,000 | |||
NBV | $ 1,793,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3246, Sterling House of Winter Haven | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 438,000 | |||
Buildings and Improvements | 5,549,000 | |||
Costs Capitalized Subsequent to Acquisition | 133,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 438,000 | |||
Buildings and Improvements | 5,682,000 | |||
Total | 6,120,000 | |||
Accumulated Depreciation | 2,668,000 | |||
NBV | $ 3,452,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3239, Wynwood of Twin Falls | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 703,000 | |||
Buildings and Improvements | 6,153,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,065,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 718,000 | |||
Buildings and Improvements | 7,203,000 | |||
Total | 7,921,000 | |||
Accumulated Depreciation | 2,961,000 | |||
NBV | $ 4,960,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2416, The Hallmark | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 11,057,000 | |||
Buildings and Improvements | 107,517,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,336,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 11,089,000 | |||
Buildings and Improvements | 113,821,000 | |||
Total | 124,910,000 | |||
Accumulated Depreciation | 53,755,000 | |||
NBV | $ 71,155,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2417, The Kenwood of Lake View | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,072,000 | |||
Buildings and Improvements | 26,668,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,072,000 | |||
Buildings and Improvements | 26,668,000 | |||
Total | 29,740,000 | |||
Accumulated Depreciation | 12,980,000 | |||
NBV | $ 16,760,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2418, The Heritage | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,871,000 | |||
Buildings and Improvements | 60,165,000 | |||
Costs Capitalized Subsequent to Acquisition | (41,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,805,000 | |||
Buildings and Improvements | 60,190,000 | |||
Total | 66,995,000 | |||
Accumulated Depreciation | 29,257,000 | |||
NBV | $ 37,738,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2421, Devonshire of Hoffman Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,886,000 | |||
Buildings and Improvements | 44,130,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,848,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,273,000 | |||
Buildings and Improvements | 47,591,000 | |||
Total | 51,864,000 | |||
Accumulated Depreciation | 20,890,000 | |||
NBV | $ 30,974,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2423, The Devonshire | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 33,000,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,953,000 | |||
Buildings and Improvements | 70,400,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,953,000 | |||
Buildings and Improvements | 70,400,000 | |||
Total | 78,353,000 | |||
Accumulated Depreciation | 34,170,000 | |||
NBV | $ 44,183,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2415, Seasons at Glenview | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,988,000 | |||
Buildings and Improvements | 39,762,000 | |||
Costs Capitalized Subsequent to Acquisition | 652,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,076,000 | |||
Buildings and Improvements | 40,326,000 | |||
Total | 42,402,000 | |||
Accumulated Depreciation | 18,346,000 | |||
NBV | $ 24,056,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2432, Hawthorn Lakes | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,439,000 | |||
Buildings and Improvements | 35,044,000 | |||
Costs Capitalized Subsequent to Acquisition | 624,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,480,000 | |||
Buildings and Improvements | 35,627,000 | |||
Total | 40,107,000 | |||
Accumulated Depreciation | 17,362,000 | |||
NBV | $ 22,745,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2433, The Willows | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,147,000 | |||
Buildings and Improvements | 10,041,000 | |||
Costs Capitalized Subsequent to Acquisition | 401,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,175,000 | |||
Buildings and Improvements | 10,414,000 | |||
Total | 11,589,000 | |||
Accumulated Depreciation | 4,885,000 | |||
NBV | $ 6,704,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Richmond, 3232 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 495,000 | |||
Buildings and Improvements | 4,124,000 | |||
Costs Capitalized Subsequent to Acquisition | 342,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 555,000 | |||
Buildings and Improvements | 4,406,000 | |||
Total | 4,961,000 | |||
Accumulated Depreciation | 1,992,000 | |||
NBV | $ 2,969,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Derby, 3273 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 4,422,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 4,422,000 | |||
Total | 4,862,000 | |||
Accumulated Depreciation | 1,169,000 | |||
NBV | $ 3,693,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge of Leawood, 3216 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 117,000 | |||
Buildings and Improvements | 5,127,000 | |||
Costs Capitalized Subsequent to Acquisition | 224,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 117,000 | |||
Buildings and Improvements | 5,351,000 | |||
Total | 5,468,000 | |||
Accumulated Depreciation | 2,472,000 | |||
NBV | $ 2,996,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Salina II, 2451 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 300,000 | |||
Buildings and Improvements | 5,657,000 | |||
Costs Capitalized Subsequent to Acquisition | 150,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 353,000 | |||
Buildings and Improvements | 5,754,000 | |||
Total | 6,107,000 | |||
Accumulated Depreciation | 1,496,000 | |||
NBV | $ 4,611,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge Cottage of Topeka, 3237 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 370,000 | |||
Buildings and Improvements | 6,825,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 370,000 | |||
Buildings and Improvements | 6,825,000 | |||
Total | 7,195,000 | |||
Accumulated Depreciation | 3,282,000 | |||
NBV | $ 3,913,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Emeritus At Farm Pond, 2805 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,819,000 | |||
Buildings and Improvements | 33,361,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,907,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,872,000 | |||
Buildings and Improvements | 36,215,000 | |||
Total | 42,087,000 | |||
Accumulated Depreciation | 15,942,000 | |||
NBV | $ 26,145,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Emeritus At Cape Cod, Whitehall Estate, 2806 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,277,000 | |||
Buildings and Improvements | 9,063,000 | |||
Costs Capitalized Subsequent to Acquisition | 237,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,277,000 | |||
Buildings and Improvements | 9,300,000 | |||
Total | 10,577,000 | |||
Accumulated Depreciation | 3,889,000 | |||
NBV | $ 6,688,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | River Bay Club, 2425 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,101,000 | |||
Buildings and Improvements | 57,862,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,566,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,216,000 | |||
Buildings and Improvements | 61,313,000 | |||
Total | 67,529,000 | |||
Accumulated Depreciation | 27,935,000 | |||
NBV | $ 39,594,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Delta MC, 3253 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 730,000 | |||
Buildings and Improvements | 11,471,000 | |||
Costs Capitalized Subsequent to Acquisition | 119,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 730,000 | |||
Buildings and Improvements | 11,590,000 | |||
Total | 12,320,000 | |||
Accumulated Depreciation | 2,956,000 | |||
NBV | $ 9,364,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Delta AL, 3257 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 820,000 | |||
Buildings and Improvements | 3,313,000 | |||
Costs Capitalized Subsequent to Acquisition | 30,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 820,000 | |||
Buildings and Improvements | 3,343,000 | |||
Total | 4,163,000 | |||
Accumulated Depreciation | 1,191,000 | |||
NBV | $ 2,972,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Farmington Hills North, 3247 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 580,000 | |||
Buildings and Improvements | 10,497,000 | |||
Costs Capitalized Subsequent to Acquisition | 91,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 580,000 | |||
Buildings and Improvements | 10,588,000 | |||
Total | 11,168,000 | |||
Accumulated Depreciation | 3,014,000 | |||
NBV | $ 8,154,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Farmington Hills North II, 3248 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 700,000 | |||
Buildings and Improvements | 10,246,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 700,000 | |||
Buildings and Improvements | 10,246,000 | |||
Total | 10,946,000 | |||
Accumulated Depreciation | 3,052,000 | |||
NBV | $ 7,894,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Meridian AL, 3250 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,340,000 | |||
Buildings and Improvements | 6,134,000 | |||
Costs Capitalized Subsequent to Acquisition | 288,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,367,000 | |||
Buildings and Improvements | 6,395,000 | |||
Total | 7,762,000 | |||
Accumulated Depreciation | 1,715,000 | |||
NBV | $ 6,047,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Grand Blanc MC, 3254 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 12,373,000 | |||
Costs Capitalized Subsequent to Acquisition | 105,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 12,478,000 | |||
Total | 12,928,000 | |||
Accumulated Depreciation | 3,191,000 | |||
NBV | $ 9,737,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3224, Wynwood of Northville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 407,000 | |||
Buildings and Improvements | 6,068,000 | |||
Costs Capitalized Subsequent to Acquisition | 149,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 407,000 | |||
Buildings and Improvements | 6,217,000 | |||
Total | 6,624,000 | |||
Accumulated Depreciation | 2,920,000 | |||
NBV | $ 3,704,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3251, Clare Bridge of Troy I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 17,178,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 17,178,000 | |||
Total | 17,808,000 | |||
Accumulated Depreciation | 4,398,000 | |||
NBV | $ 13,410,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3256, Wynwood of Troy II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 950,000 | |||
Buildings and Improvements | 12,503,000 | |||
Costs Capitalized Subsequent to Acquisition | 270,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 950,000 | |||
Buildings and Improvements | 12,773,000 | |||
Total | 13,723,000 | |||
Accumulated Depreciation | 3,391,000 | |||
NBV | $ 10,332,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3240, Wynwood of Utica | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,142,000 | |||
Buildings and Improvements | 11,808,000 | |||
Costs Capitalized Subsequent to Acquisition | 624,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,142,000 | |||
Buildings and Improvements | 12,432,000 | |||
Total | 13,574,000 | |||
Accumulated Depreciation | 5,689,000 | |||
NBV | $ 7,885,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3249, Clare Bridge of Utica | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 700,000 | |||
Buildings and Improvements | 8,657,000 | |||
Costs Capitalized Subsequent to Acquisition | 334,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 700,000 | |||
Buildings and Improvements | 8,991,000 | |||
Total | 9,691,000 | |||
Accumulated Depreciation | 2,375,000 | |||
NBV | $ 7,316,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3208, Clare Bridge of Eden Prairie | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 301,000 | |||
Buildings and Improvements | 6,228,000 | |||
Costs Capitalized Subsequent to Acquisition | 763,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 332,000 | |||
Buildings and Improvements | 6,960,000 | |||
Total | 7,292,000 | |||
Accumulated Depreciation | 2,997,000 | |||
NBV | $ 4,295,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3270, Woven Hearts of Faribault | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 1,085,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 1,085,000 | |||
Total | 1,615,000 | |||
Accumulated Depreciation | 344,000 | |||
NBV | $ 1,271,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3211, Sterling House of Inver Grove Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 253,000 | |||
Buildings and Improvements | 2,655,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 253,000 | |||
Buildings and Improvements | 2,655,000 | |||
Total | 2,908,000 | |||
Accumulated Depreciation | 1,277,000 | |||
NBV | $ 1,631,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3265, Woven Hearts of Mankato | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 410,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 410,000 | |||
Total | 900,000 | |||
Accumulated Depreciation | 239,000 | |||
NBV | $ 661,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2419, Edina Park Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,040,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,621,000 | |||
Buildings and Improvements | 33,141,000 | |||
Costs Capitalized Subsequent to Acquisition | 22,975,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,621,000 | |||
Buildings and Improvements | 56,116,000 | |||
Total | 59,737,000 | |||
Accumulated Depreciation | 19,375,000 | |||
NBV | $ 40,362,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3223, Clare Bridge of North Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,057,000 | |||
Buildings and Improvements | 8,296,000 | |||
Costs Capitalized Subsequent to Acquisition | 979,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,122,000 | |||
Buildings and Improvements | 9,210,000 | |||
Total | 10,332,000 | |||
Accumulated Depreciation | 3,992,000 | |||
NBV | $ 6,340,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3229, Clare Bridge of Plymouth | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 679,000 | |||
Buildings and Improvements | 8,675,000 | |||
Costs Capitalized Subsequent to Acquisition | 583,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 679,000 | |||
Buildings and Improvements | 9,258,000 | |||
Total | 9,937,000 | |||
Accumulated Depreciation | 4,172,000 | |||
NBV | $ 5,765,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3269, Woven Hearts of Wilmar | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 4,833,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 4,833,000 | |||
Total | 5,303,000 | |||
Accumulated Depreciation | 1,254,000 | |||
NBV | $ 4,049,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3267, Woven Hearts of Winona | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 800,000 | |||
Buildings and Improvements | 1,390,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 800,000 | |||
Buildings and Improvements | 1,390,000 | |||
Total | 2,190,000 | |||
Accumulated Depreciation | 724,000 | |||
NBV | $ 1,466,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 5075, The Solana West County | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,100,000 | |||
Buildings and Improvements | 35,074,000 | |||
Costs Capitalized Subsequent to Acquisition | 177,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,113,000 | |||
Buildings and Improvements | 35,238,000 | |||
Total | 38,351,000 | |||
Accumulated Depreciation | 6,142,000 | |||
NBV | $ 32,209,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2434, Brendenwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,158,000 | |||
Buildings and Improvements | 29,909,000 | |||
Costs Capitalized Subsequent to Acquisition | 125,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,158,000 | |||
Buildings and Improvements | 30,034,000 | |||
Total | 33,192,000 | |||
Accumulated Depreciation | 14,389,000 | |||
NBV | $ 18,803,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3242, Clare Bridge of Westampton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 881,000 | |||
Buildings and Improvements | 4,741,000 | |||
Costs Capitalized Subsequent to Acquisition | 829,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 881,000 | |||
Buildings and Improvements | 5,570,000 | |||
Total | 6,451,000 | |||
Accumulated Depreciation | 2,302,000 | |||
NBV | $ 4,149,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2430, Ponce de Leon | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 28,178,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 28,178,000 | |||
Total | 28,178,000 | |||
Accumulated Depreciation | 13,333,000 | |||
NBV | $ 14,845,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3212, Wynwood of Kenmore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,487,000 | |||
Buildings and Improvements | 15,170,000 | |||
Costs Capitalized Subsequent to Acquisition | 752,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,487,000 | |||
Buildings and Improvements | 15,922,000 | |||
Total | 17,409,000 | |||
Accumulated Depreciation | 7,294,000 | |||
NBV | $ 10,115,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3205, Villas of Sherman Brook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 947,000 | |||
Buildings and Improvements | 7,528,000 | |||
Costs Capitalized Subsequent to Acquisition | 604,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 961,000 | |||
Buildings and Improvements | 8,118,000 | |||
Total | 9,079,000 | |||
Accumulated Depreciation | 3,637,000 | |||
NBV | $ 5,442,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3261, Wynwood of Liberty (Manlius) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 890,000 | |||
Buildings and Improvements | 28,237,000 | |||
Costs Capitalized Subsequent to Acquisition | 303,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 190,000 | |||
Buildings and Improvements | 29,240,000 | |||
Total | 29,430,000 | |||
Accumulated Depreciation | 7,183,000 | |||
NBV | $ 22,247,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3228, Clare Bridge of Perinton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 611,000 | |||
Buildings and Improvements | 4,066,000 | |||
Costs Capitalized Subsequent to Acquisition | 16,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 611,000 | |||
Buildings and Improvements | 4,082,000 | |||
Total | 4,693,000 | |||
Accumulated Depreciation | 1,958,000 | |||
NBV | $ 2,735,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3221, Clare Bridge of Niskayuna | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,021,000 | |||
Buildings and Improvements | 8,333,000 | |||
Costs Capitalized Subsequent to Acquisition | 715,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,021,000 | |||
Buildings and Improvements | 9,048,000 | |||
Total | 10,069,000 | |||
Accumulated Depreciation | 4,019,000 | |||
NBV | $ 6,050,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3222, Wynwood of Niskayuna | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,884,000 | |||
Buildings and Improvements | 16,103,000 | |||
Costs Capitalized Subsequent to Acquisition | 30,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,884,000 | |||
Buildings and Improvements | 16,133,000 | |||
Total | 18,017,000 | |||
Accumulated Depreciation | 7,744,000 | |||
NBV | $ 10,273,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3234, Villas of Summerfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,132,000 | |||
Buildings and Improvements | 11,434,000 | |||
Costs Capitalized Subsequent to Acquisition | 278,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,246,000 | |||
Buildings and Improvements | 11,598,000 | |||
Total | 12,844,000 | |||
Accumulated Depreciation | 5,499,000 | |||
NBV | $ 7,345,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3243, Clare Bridge of Williamsville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 839,000 | |||
Buildings and Improvements | 3,841,000 | |||
Costs Capitalized Subsequent to Acquisition | 60,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 839,000 | |||
Buildings and Improvements | 3,901,000 | |||
Total | 4,740,000 | |||
Accumulated Depreciation | 1,854,000 | |||
NBV | $ 2,886,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3204, Clare Bridge of Cary | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 724,000 | |||
Buildings and Improvements | 6,466,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 724,000 | |||
Buildings and Improvements | 6,466,000 | |||
Total | 7,190,000 | |||
Accumulated Depreciation | 3,109,000 | |||
NBV | $ 4,081,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2465, Sterling House of Hickory | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 10,981,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 10,981,000 | |||
Total | 11,311,000 | |||
Accumulated Depreciation | 2,827,000 | |||
NBV | $ 8,484,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3244, Clare Bridge of Winston-Salem | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 368,000 | |||
Buildings and Improvements | 3,497,000 | |||
Costs Capitalized Subsequent to Acquisition | 249,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 368,000 | |||
Buildings and Improvements | 3,746,000 | |||
Total | 4,114,000 | |||
Accumulated Depreciation | 1,682,000 | |||
NBV | $ 2,432,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3200, Sterling House of Alliance | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 392,000 | |||
Buildings and Improvements | 6,283,000 | |||
Costs Capitalized Subsequent to Acquisition | 49,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 435,000 | |||
Buildings and Improvements | 6,289,000 | |||
Total | 6,724,000 | |||
Accumulated Depreciation | 3,022,000 | |||
NBV | $ 3,702,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3201, Clare Bridge Cottage of Austintown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 151,000 | |||
Buildings and Improvements | 3,087,000 | |||
Costs Capitalized Subsequent to Acquisition | 672,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 181,000 | |||
Buildings and Improvements | 3,729,000 | |||
Total | 3,910,000 | |||
Accumulated Depreciation | 1,485,000 | |||
NBV | $ 2,425,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3275, Sterling House of Barberton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 10,884,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 10,884,000 | |||
Total | 11,324,000 | |||
Accumulated Depreciation | 2,803,000 | |||
NBV | $ 8,521,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3202, Sterling House of Beaver Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 587,000 | |||
Buildings and Improvements | 5,381,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 587,000 | |||
Buildings and Improvements | 5,381,000 | |||
Total | 5,968,000 | |||
Accumulated Depreciation | 2,588,000 | |||
NBV | $ 3,380,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3276, Sterling House of Englewood (OH) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 6,477,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 6,477,000 | |||
Total | 7,107,000 | |||
Accumulated Depreciation | 1,733,000 | |||
NBV | $ 5,374,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3207, Sterling House of Westerville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 267,000 | |||
Buildings and Improvements | 3,600,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 267,000 | |||
Buildings and Improvements | 3,600,000 | |||
Total | 3,867,000 | |||
Accumulated Depreciation | 1,731,000 | |||
NBV | $ 2,136,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2455, Sterling House of Greenville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 4,144,000 | |||
Costs Capitalized Subsequent to Acquisition | 55,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 545,000 | |||
Buildings and Improvements | 4,144,000 | |||
Total | 4,689,000 | |||
Accumulated Depreciation | 1,246,000 | |||
NBV | $ 3,443,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3233, Sterling House of Salem | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 634,000 | |||
Buildings and Improvements | 4,659,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 634,000 | |||
Buildings and Improvements | 4,659,000 | |||
Total | 5,293,000 | |||
Accumulated Depreciation | 2,240,000 | |||
NBV | $ 3,053,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2459, Sterling House of Springdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,140,000 | |||
Buildings and Improvements | 9,134,000 | |||
Costs Capitalized Subsequent to Acquisition | 144,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,228,000 | |||
Buildings and Improvements | 9,190,000 | |||
Total | 10,418,000 | |||
Accumulated Depreciation | 2,382,000 | |||
NBV | $ 8,036,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3278, Sterling House of Bartlesville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 10,529,000 | |||
Costs Capitalized Subsequent to Acquisition | 35,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 285,000 | |||
Buildings and Improvements | 10,529,000 | |||
Total | 10,814,000 | |||
Accumulated Depreciation | 2,686,000 | |||
NBV | $ 8,128,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2450, Sterling House of Broken Arrow | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 940,000 | |||
Buildings and Improvements | 6,312,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,435,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,898,000 | |||
Buildings and Improvements | 11,789,000 | |||
Total | 13,687,000 | |||
Accumulated Depreciation | 3,378,000 | |||
NBV | $ 10,309,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2439, Forest Grove Residential Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,320,000 | |||
Buildings and Improvements | 9,633,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,320,000 | |||
Buildings and Improvements | 9,633,000 | |||
Total | 11,953,000 | |||
Accumulated Depreciation | 2,701,000 | |||
NBV | $ 9,252,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2440, The Heritage at Mt. Hood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,410,000 | |||
Buildings and Improvements | 9,093,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,986,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 319,000 | |||
Buildings and Improvements | 9,198,000 | |||
Total | 9,517,000 | |||
Accumulated Depreciation | 2,556,000 | |||
NBV | $ 6,961,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2441, McMinnville Residential Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 457,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,230,000 | |||
Buildings and Improvements | 7,561,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,230,000 | |||
Buildings and Improvements | 7,561,000 | |||
Total | 8,791,000 | |||
Accumulated Depreciation | 2,334,000 | |||
NBV | $ 6,457,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2446, Sterling House of Denton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,750,000 | |||
Buildings and Improvements | 6,712,000 | |||
Costs Capitalized Subsequent to Acquisition | 43,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,750,000 | |||
Buildings and Improvements | 6,755,000 | |||
Total | 8,505,000 | |||
Accumulated Depreciation | 1,768,000 | |||
NBV | $ 6,737,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2448, Sterling House of Ennis | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 460,000 | |||
Buildings and Improvements | 3,284,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 460,000 | |||
Buildings and Improvements | 3,284,000 | |||
Total | 3,744,000 | |||
Accumulated Depreciation | 926,000 | |||
NBV | $ 2,818,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3280, Sterling House of Kerrville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 460,000 | |||
Buildings and Improvements | 8,548,000 | |||
Costs Capitalized Subsequent to Acquisition | 120,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 460,000 | |||
Buildings and Improvements | 8,668,000 | |||
Total | 9,128,000 | |||
Accumulated Depreciation | 2,205,000 | |||
NBV | $ 6,923,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3282, Sterling House of San Antonio | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,400,000 | |||
Buildings and Improvements | 10,051,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,400,000 | |||
Buildings and Improvements | 10,051,000 | |||
Total | 11,451,000 | |||
Accumulated Depreciation | 2,616,000 | |||
NBV | $ 8,835,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3283, Sterling House of Temple | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 5,081,000 | |||
Costs Capitalized Subsequent to Acquisition | 177,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 5,258,000 | |||
Total | 5,588,000 | |||
Accumulated Depreciation | 1,377,000 | |||
NBV | $ 4,211,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2820, Emeritus at Ridgewood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,900,000 | |||
Buildings and Improvements | 16,219,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,900,000 | |||
Buildings and Improvements | 16,219,000 | |||
Total | 18,119,000 | |||
Accumulated Depreciation | 7,630,000 | |||
NBV | $ 10,489,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3217, Clare Bridge of Lynwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,219,000 | |||
Buildings and Improvements | 9,573,000 | |||
Costs Capitalized Subsequent to Acquisition | 58,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,239,000 | |||
Buildings and Improvements | 9,611,000 | |||
Total | 10,850,000 | |||
Accumulated Depreciation | 4,607,000 | |||
NBV | $ 6,243,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3231, Clare Bridge of Puyallup | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,055,000 | |||
Buildings and Improvements | 8,298,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,055,000 | |||
Buildings and Improvements | 8,298,000 | |||
Total | 9,353,000 | |||
Accumulated Depreciation | 3,990,000 | |||
NBV | $ 5,363,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2442, Columbia Edgewater | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 960,000 | |||
Buildings and Improvements | 23,270,000 | |||
Costs Capitalized Subsequent to Acquisition | 365,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 960,000 | |||
Buildings and Improvements | 23,635,000 | |||
Total | 24,595,000 | |||
Accumulated Depreciation | 6,129,000 | |||
NBV | $ 18,466,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2431, Park Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,622,000 | |||
Buildings and Improvements | 12,895,000 | |||
Costs Capitalized Subsequent to Acquisition | 345,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,622,000 | |||
Buildings and Improvements | 13,240,000 | |||
Total | 14,862,000 | |||
Accumulated Depreciation | 6,362,000 | |||
NBV | $ 8,500,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2443, Crossings at Allenmore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 620,000 | |||
Buildings and Improvements | 16,186,000 | |||
Costs Capitalized Subsequent to Acquisition | 947,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 671,000 | |||
Buildings and Improvements | 17,082,000 | |||
Total | 17,753,000 | |||
Accumulated Depreciation | 4,224,000 | |||
NBV | $ 13,529,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2473, Union Park at Allenmore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,710,000 | |||
Buildings and Improvements | 3,326,000 | |||
Costs Capitalized Subsequent to Acquisition | (622,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 307,000 | |||
Buildings and Improvements | 4,107,000 | |||
Total | 4,414,000 | |||
Accumulated Depreciation | 1,330,000 | |||
NBV | $ 3,084,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 2464, Crossings at Yakima | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 15,276,000 | |||
Costs Capitalized Subsequent to Acquisition | 119,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 891,000 | |||
Buildings and Improvements | 15,364,000 | |||
Total | 16,255,000 | |||
Accumulated Depreciation | 4,028,000 | |||
NBV | $ 12,227,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3213, Clare Bridge of Kenosha | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 551,000 | |||
Buildings and Improvements | 5,431,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,297,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 608,000 | |||
Buildings and Improvements | 8,671,000 | |||
Total | 9,279,000 | |||
Accumulated Depreciation | 3,530,000 | |||
NBV | $ 5,749,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3214, Clare Bridge Cottage of La Crosse | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 621,000 | |||
Buildings and Improvements | 4,056,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,126,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 621,000 | |||
Buildings and Improvements | 5,182,000 | |||
Total | 5,803,000 | |||
Accumulated Depreciation | 2,317,000 | |||
NBV | $ 3,486,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3215, Sterling House of La Crosse | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 644,000 | |||
Buildings and Improvements | 5,831,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,637,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 644,000 | |||
Buildings and Improvements | 8,468,000 | |||
Total | 9,112,000 | |||
Accumulated Depreciation | 3,662,000 | |||
NBV | $ 5,450,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3268, Sterling House of Middleton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 360,000 | |||
Buildings and Improvements | 5,041,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 360,000 | |||
Buildings and Improvements | 5,041,000 | |||
Total | 5,401,000 | |||
Accumulated Depreciation | 1,313,000 | |||
NBV | $ 4,088,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3262, Woven Hearts of Onalaska | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 4,949,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 4,949,000 | |||
Total | 5,199,000 | |||
Accumulated Depreciation | 1,282,000 | |||
NBV | $ 3,917,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | 3264, Woven Hearts of Sun Prairie | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 1,131,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 1,131,000 | |||
Total | 1,481,000 | |||
Accumulated Depreciation | 355,000 | |||
NBV | $ 1,126,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Brookdale Senior Living | Seniors Housing Communities | Brookdale Grand Blanc AL, 3255 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 620,000 | |||
Buildings and Improvements | 14,627,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 620,000 | |||
Buildings and Improvements | 14,627,000 | |||
Total | 15,247,000 | |||
Accumulated Depreciation | 3,789,000 | |||
NBV | $ 11,458,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | General Acute Care Hospitals | 7701, Spire Hull and East Riding Hospital | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,194,000 | |||
Buildings and Improvements | 81,613,000 | |||
Costs Capitalized Subsequent to Acquisition | (12,561,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,721,000 | |||
Buildings and Improvements | 69,525,000 | |||
Total | 72,246,000 | |||
Accumulated Depreciation | 8,167,000 | |||
NBV | $ 64,079,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Other Third Party | General Acute Care Hospitals | 7700, Spire Fylde Coast, Lancashire | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,446,000 | |||
Buildings and Improvements | 28,896,000 | |||
Costs Capitalized Subsequent to Acquisition | (4,642,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,084,000 | |||
Buildings and Improvements | 24,616,000 | |||
Total | 26,700,000 | |||
Accumulated Depreciation | 2,934,000 | |||
NBV | $ 23,766,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Other Third Party | General Acute Care Hospitals | 7702, Spire Clare Park Hospital, Surrey | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,263,000 | |||
Buildings and Improvements | 26,119,000 | |||
Costs Capitalized Subsequent to Acquisition | (4,797,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,335,000 | |||
Buildings and Improvements | 22,250,000 | |||
Total | 27,585,000 | |||
Accumulated Depreciation | 2,757,000 | |||
NBV | $ 24,828,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Other Third Party | Specialty Hospitals [Member] | 7280, Southern Arizona Rehab | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 770,000 | |||
Buildings and Improvements | 25,589,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 770,000 | |||
Buildings and Improvements | 25,589,000 | |||
Total | 26,359,000 | |||
Accumulated Depreciation | 6,388,000 | |||
NBV | $ 19,971,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Specialty Hospitals [Member] | 7281, HealthSouth Rehabilitation Hospital | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,810,000 | |||
Buildings and Improvements | 25,248,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,810,000 | |||
Buildings and Improvements | 25,248,000 | |||
Total | 28,058,000 | |||
Accumulated Depreciation | 6,424,000 | |||
NBV | $ 21,634,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Specialty Hospitals [Member] | 1940, Reliant Rehabilitation - Dallas | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,318,000 | |||
Buildings and Improvements | 38,702,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,318,000 | |||
Buildings and Improvements | 38,702,000 | |||
Total | 41,020,000 | |||
Accumulated Depreciation | 6,054,000 | |||
NBV | $ 34,966,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Specialty Hospitals [Member] | Baylor Institute for Rehabilitation | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,071,000 | |||
Buildings and Improvements | 16,018,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,071,000 | |||
Buildings and Improvements | 16,018,000 | |||
Total | 18,089,000 | |||
Accumulated Depreciation | 2,719,000 | |||
NBV | $ 15,370,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Specialty Hospitals [Member] | Rehabilitation Hospital The Vintage | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,838,000 | |||
Buildings and Improvements | 34,832,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,838,000 | |||
Buildings and Improvements | 34,832,000 | |||
Total | 36,670,000 | |||
Accumulated Depreciation | 5,714,000 | |||
NBV | $ 30,956,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Specialty Hospitals [Member] | Select Rehabilitation San Antonio | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,859,000 | |||
Buildings and Improvements | 18,301,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,859,000 | |||
Buildings and Improvements | 18,301,000 | |||
Total | 20,160,000 | |||
Accumulated Depreciation | 3,046,000 | |||
NBV | $ 17,114,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 1,145,360,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 628,999,000 | |||
Buildings and Improvements | 6,210,124,000 | |||
Costs Capitalized Subsequent to Acquisition | 156,472,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 624,012,000 | |||
Buildings and Improvements | 6,371,583,000 | |||
Total | 6,995,595,000 | |||
Accumulated Depreciation | 1,090,105,000 | |||
NBV | 5,905,490,000 | |||
Other Third Party | Seniors Housing Communities | 3880, Elmcroft of Grayson Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,040,000 | |||
Buildings and Improvements | 19,145,000 | |||
Costs Capitalized Subsequent to Acquisition | 982,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,046,000 | |||
Buildings and Improvements | 20,121,000 | |||
Total | 21,167,000 | |||
Accumulated Depreciation | 5,494,000 | |||
NBV | $ 15,673,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3873, Elmcroft of Byrd Springs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,720,000 | |||
Buildings and Improvements | 11,270,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,279,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,723,000 | |||
Buildings and Improvements | 12,546,000 | |||
Total | 14,269,000 | |||
Accumulated Depreciation | 3,716,000 | |||
NBV | $ 10,553,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3881, Elmcroft of Heritage Woods | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 10,241,000 | |||
Costs Capitalized Subsequent to Acquisition | 999,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,025,000 | |||
Buildings and Improvements | 11,235,000 | |||
Total | 12,260,000 | |||
Accumulated Depreciation | 3,360,000 | |||
NBV | $ 8,900,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7635, Rosewood Manor (AL) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 680,000 | |||
Buildings and Improvements | 4,038,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 680,000 | |||
Buildings and Improvements | 4,038,000 | |||
Total | 4,718,000 | |||
Accumulated Depreciation | 1,084,000 | |||
NBV | $ 3,634,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7301, Chandler Memory Care Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,910,000 | |||
Buildings and Improvements | 8,882,000 | |||
Costs Capitalized Subsequent to Acquisition | 184,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,094,000 | |||
Buildings and Improvements | 8,882,000 | |||
Total | 11,976,000 | |||
Accumulated Depreciation | 2,418,000 | |||
NBV | $ 9,558,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7308, Silver Creek Inn Memory Care Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 890,000 | |||
Buildings and Improvements | 5,918,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 890,000 | |||
Buildings and Improvements | 5,918,000 | |||
Total | 6,808,000 | |||
Accumulated Depreciation | 1,493,000 | |||
NBV | $ 5,315,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1451, Prestige Assisted Living At Green Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,227,000 | |||
Buildings and Improvements | 13,977,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,227,000 | |||
Buildings and Improvements | 13,977,000 | |||
Total | 15,204,000 | |||
Accumulated Depreciation | 2,373,000 | |||
NBV | $ 12,831,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1452, Prestige Assisted Living At Lake Havasu City | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 594,000 | |||
Buildings and Improvements | 14,792,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 594,000 | |||
Buildings and Improvements | 14,792,000 | |||
Total | 15,386,000 | |||
Accumulated Depreciation | 2,496,000 | |||
NBV | $ 12,890,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1312, Lakeview Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 706,000 | |||
Buildings and Improvements | 7,810,000 | |||
Costs Capitalized Subsequent to Acquisition | 109,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 706,000 | |||
Buildings and Improvements | 7,919,000 | |||
Total | 8,625,000 | |||
Accumulated Depreciation | 1,451,000 | |||
NBV | $ 7,174,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7010, Arbor Rose | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 11,880,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,434,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 14,314,000 | |||
Total | 15,414,000 | |||
Accumulated Depreciation | 5,488,000 | |||
NBV | $ 9,926,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2246, The Stratford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,931,000 | |||
Buildings and Improvements | 33,576,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,207,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,931,000 | |||
Buildings and Improvements | 34,783,000 | |||
Total | 36,714,000 | |||
Accumulated Depreciation | 5,706,000 | |||
NBV | $ 31,008,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 4826, Amber Creek Inn Memory Care | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,310,000 | |||
Buildings and Improvements | 6,322,000 | |||
Costs Capitalized Subsequent to Acquisition | 677,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,185,000 | |||
Buildings and Improvements | 7,124,000 | |||
Total | 9,309,000 | |||
Accumulated Depreciation | 1,004,000 | |||
NBV | $ 8,305,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1456, Prestige Assisted Living At Sierra Vista | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 295,000 | |||
Buildings and Improvements | 13,224,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 295,000 | |||
Buildings and Improvements | 13,224,000 | |||
Total | 13,519,000 | |||
Accumulated Depreciation | 2,226,000 | |||
NBV | $ 11,293,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7318, Rock Creek Memory Care Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 9,876,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 826,000 | |||
Buildings and Improvements | 16,353,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 826,000 | |||
Buildings and Improvements | 16,356,000 | |||
Total | 17,182,000 | |||
Accumulated Depreciation | 1,126,000 | |||
NBV | $ 16,056,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3894, Elmcroft of Tempe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,090,000 | |||
Buildings and Improvements | 12,942,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,408,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,098,000 | |||
Buildings and Improvements | 14,342,000 | |||
Total | 15,440,000 | |||
Accumulated Depreciation | 4,257,000 | |||
NBV | $ 11,183,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3891, Elmcroft of River Centre | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,940,000 | |||
Buildings and Improvements | 5,195,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,179,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,940,000 | |||
Buildings and Improvements | 6,374,000 | |||
Total | 8,314,000 | |||
Accumulated Depreciation | 2,179,000 | |||
NBV | $ 6,135,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3605, West Shores | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,326,000 | |||
Buildings and Improvements | 10,904,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,825,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,326,000 | |||
Buildings and Improvements | 12,729,000 | |||
Total | 14,055,000 | |||
Accumulated Depreciation | 4,958,000 | |||
NBV | $ 9,097,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3822, Elmcroft of Maumelle | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,252,000 | |||
Buildings and Improvements | 7,601,000 | |||
Costs Capitalized Subsequent to Acquisition | 481,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,258,000 | |||
Buildings and Improvements | 8,076,000 | |||
Total | 9,334,000 | |||
Accumulated Depreciation | 3,004,000 | |||
NBV | $ 6,330,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3823, Elmcroft of Mountain Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 204,000 | |||
Buildings and Improvements | 8,971,000 | |||
Costs Capitalized Subsequent to Acquisition | 451,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 204,000 | |||
Buildings and Improvements | 9,422,000 | |||
Total | 9,626,000 | |||
Accumulated Depreciation | 3,523,000 | |||
NBV | $ 6,103,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3825, Elmcroft of Sherwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 5,693,000 | |||
Costs Capitalized Subsequent to Acquisition | 513,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 6,206,000 | |||
Total | 7,526,000 | |||
Accumulated Depreciation | 2,314,000 | |||
NBV | $ 5,212,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7022, Sierra Ridge Memory Care | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 681,000 | |||
Buildings and Improvements | 6,071,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 681,000 | |||
Buildings and Improvements | 6,071,000 | |||
Total | 6,752,000 | |||
Accumulated Depreciation | 1,034,000 | |||
NBV | $ 5,718,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7072, Careage Banning | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,970,000 | |||
Buildings and Improvements | 16,037,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,970,000 | |||
Buildings and Improvements | 16,037,000 | |||
Total | 19,007,000 | |||
Accumulated Depreciation | 4,548,000 | |||
NBV | $ 14,459,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3811, Las Villas Del Carlsbad | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,760,000 | |||
Buildings and Improvements | 30,469,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,661,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,760,000 | |||
Buildings and Improvements | 35,130,000 | |||
Total | 36,890,000 | |||
Accumulated Depreciation | 11,866,000 | |||
NBV | $ 25,024,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1450, Prestige Assisted Living At Chico | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,069,000 | |||
Buildings and Improvements | 14,929,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,069,000 | |||
Buildings and Improvements | 14,929,000 | |||
Total | 15,998,000 | |||
Accumulated Depreciation | 2,529,000 | |||
NBV | $ 13,469,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Meadows Senior Living, 7024 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,308,000 | |||
Buildings and Improvements | 19,667,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,308,000 | |||
Buildings and Improvements | 19,667,000 | |||
Total | 20,975,000 | |||
Accumulated Depreciation | 3,293,000 | |||
NBV | $ 17,682,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Alder Bay Assisted Living, 7480 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,170,000 | |||
Buildings and Improvements | 5,228,000 | |||
Costs Capitalized Subsequent to Acquisition | (70,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,170,000 | |||
Buildings and Improvements | 5,158,000 | |||
Total | 6,328,000 | |||
Accumulated Depreciation | 1,558,000 | |||
NBV | $ 4,770,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Cedarbrook, 7316 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,652,000 | |||
Buildings and Improvements | 12,613,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,652,000 | |||
Buildings and Improvements | 12,613,000 | |||
Total | 14,265,000 | |||
Accumulated Depreciation | 1,201,000 | |||
NBV | $ 13,064,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3808, Elmcroft of La Mesa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,431,000 | |||
Buildings and Improvements | 6,101,000 | |||
Costs Capitalized Subsequent to Acquisition | 204,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,431,000 | |||
Buildings and Improvements | 6,305,000 | |||
Total | 8,736,000 | |||
Accumulated Depreciation | 2,343,000 | |||
NBV | $ 6,393,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3810, Grossmont Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,104,000 | |||
Buildings and Improvements | 59,349,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,198,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,115,000 | |||
Buildings and Improvements | 62,536,000 | |||
Total | 71,651,000 | |||
Accumulated Depreciation | 23,150,000 | |||
NBV | $ 48,501,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1400, Palms, The | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,700,000 | |||
Buildings and Improvements | 43,919,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,700,000 | |||
Buildings and Improvements | 43,919,000 | |||
Total | 46,619,000 | |||
Accumulated Depreciation | 8,939,000 | |||
NBV | $ 37,680,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Prestige Assisted Living At Lancaster, 1453 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 718,000 | |||
Buildings and Improvements | 10,459,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 718,000 | |||
Buildings and Improvements | 10,459,000 | |||
Total | 11,177,000 | |||
Accumulated Depreciation | 1,771,000 | |||
NBV | $ 9,406,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Prestige Assisted Living At Marysville, 1454 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 741,000 | |||
Buildings and Improvements | 7,467,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 741,000 | |||
Buildings and Improvements | 7,467,000 | |||
Total | 8,208,000 | |||
Accumulated Depreciation | 1,270,000 | |||
NBV | $ 6,938,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Mountview Retirement Residence, 3809 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,089,000 | |||
Buildings and Improvements | 15,449,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,232,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,089,000 | |||
Buildings and Improvements | 17,681,000 | |||
Total | 18,770,000 | |||
Accumulated Depreciation | 5,991,000 | |||
NBV | $ 12,779,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Redwood Retirement, 1402 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,798,000 | |||
Buildings and Improvements | 12,639,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,798,000 | |||
Buildings and Improvements | 12,639,000 | |||
Total | 15,437,000 | |||
Accumulated Depreciation | 2,620,000 | |||
NBV | $ 12,817,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Prestige Assisted Living At Oroville, 1455 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 638,000 | |||
Buildings and Improvements | 8,079,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 638,000 | |||
Buildings and Improvements | 8,079,000 | |||
Total | 8,717,000 | |||
Accumulated Depreciation | 1,370,000 | |||
NBV | $ 7,347,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Valencia Commons, 1403 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,439,000 | |||
Buildings and Improvements | 36,363,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,439,000 | |||
Buildings and Improvements | 36,363,000 | |||
Total | 37,802,000 | |||
Accumulated Depreciation | 7,382,000 | |||
NBV | $ 30,420,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Shasta Estates, 1404 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,180,000 | |||
Buildings and Improvements | 23,463,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,180,000 | |||
Buildings and Improvements | 23,463,000 | |||
Total | 24,643,000 | |||
Accumulated Depreciation | 4,769,000 | |||
NBV | $ 19,874,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | The Vistas, 7481 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,290,000 | |||
Buildings and Improvements | 22,033,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,290,000 | |||
Buildings and Improvements | 22,033,000 | |||
Total | 23,323,000 | |||
Accumulated Depreciation | 5,892,000 | |||
NBV | $ 17,431,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Point Loma 3807 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,117,000 | |||
Buildings and Improvements | 6,865,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,770,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,000 | |||
Buildings and Improvements | 7,206,000 | |||
Total | 7,212,000 | |||
Accumulated Depreciation | 2,659,000 | |||
NBV | $ 4,553,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Villa Santa Barbara, 3604 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,219,000 | |||
Buildings and Improvements | 12,426,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,325,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,219,000 | |||
Buildings and Improvements | 17,751,000 | |||
Total | 18,970,000 | |||
Accumulated Depreciation | 5,791,000 | |||
NBV | $ 13,179,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Oak Terrace Memory Care, 7021 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,146,000 | |||
Buildings and Improvements | 5,275,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,146,000 | |||
Buildings and Improvements | 5,275,000 | |||
Total | 6,421,000 | |||
Accumulated Depreciation | 913,000 | |||
NBV | $ 5,508,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7013, Eagle Lake Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,165,000 | |||
Buildings and Improvements | 6,719,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,165,000 | |||
Buildings and Improvements | 6,719,000 | |||
Total | 7,884,000 | |||
Accumulated Depreciation | 1,585,000 | |||
NBV | $ 6,299,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1401, Bonaventure | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,294,000 | |||
Buildings and Improvements | 32,747,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,294,000 | |||
Buildings and Improvements | 32,747,000 | |||
Total | 38,041,000 | |||
Accumulated Depreciation | 6,742,000 | |||
NBV | $ 31,299,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7306, Sterling Inn | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 12,558,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 733,000 | |||
Buildings and Improvements | 18,564,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,673,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 733,000 | |||
Buildings and Improvements | 25,237,000 | |||
Total | 25,970,000 | |||
Accumulated Depreciation | 1,712,000 | |||
NBV | $ 24,258,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7307, Sterling Commons | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 5,850,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 768,000 | |||
Buildings and Improvements | 13,124,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 768,000 | |||
Buildings and Improvements | 13,124,000 | |||
Total | 13,892,000 | |||
Accumulated Depreciation | 1,206,000 | |||
NBV | $ 12,686,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1457, Prestige Assisted Living At Visalia | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,300,000 | |||
Buildings and Improvements | 8,378,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,300,000 | |||
Buildings and Improvements | 8,378,000 | |||
Total | 9,678,000 | |||
Accumulated Depreciation | 1,436,000 | |||
NBV | $ 8,242,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1406, Highland Trail | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,511,000 | |||
Buildings and Improvements | 26,431,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,511,000 | |||
Buildings and Improvements | 26,431,000 | |||
Total | 28,942,000 | |||
Accumulated Depreciation | 5,400,000 | |||
NBV | $ 23,542,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7011, Caley Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,157,000 | |||
Buildings and Improvements | 13,133,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,157,000 | |||
Buildings and Improvements | 13,133,000 | |||
Total | 14,290,000 | |||
Accumulated Depreciation | 3,099,000 | |||
NBV | $ 11,191,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7485, Garden Square at Westlake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 8,211,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 8,211,000 | |||
Total | 8,841,000 | |||
Accumulated Depreciation | 2,278,000 | |||
NBV | $ 6,563,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7486, Garden Square of Greeley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 2,735,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 2,735,000 | |||
Total | 3,065,000 | |||
Accumulated Depreciation | 767,000 | |||
NBV | $ 2,298,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1405, Lakewood Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,306,000 | |||
Buildings and Improvements | 21,137,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,306,000 | |||
Buildings and Improvements | 21,137,000 | |||
Total | 22,443,000 | |||
Accumulated Depreciation | 4,302,000 | |||
NBV | $ 18,141,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1407, Sugar Valley Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,255,000 | |||
Buildings and Improvements | 21,837,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,255,000 | |||
Buildings and Improvements | 21,837,000 | |||
Total | 23,092,000 | |||
Accumulated Depreciation | 4,442,000 | |||
NBV | $ 18,650,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7110, Devonshire Acres | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 950,000 | |||
Buildings and Improvements | 10,092,000 | |||
Costs Capitalized Subsequent to Acquisition | 555,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 965,000 | |||
Buildings and Improvements | 10,632,000 | |||
Total | 11,597,000 | |||
Accumulated Depreciation | 3,097,000 | |||
NBV | $ 8,500,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7292, Gardenside Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,000,000 | |||
Buildings and Improvements | 31,518,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,000,000 | |||
Buildings and Improvements | 31,518,000 | |||
Total | 38,518,000 | |||
Accumulated Depreciation | 8,424,000 | |||
NBV | $ 30,094,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7291, Hearth at Tuxis Pond | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 44,322,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 44,322,000 | |||
Total | 45,932,000 | |||
Accumulated Depreciation | 11,386,000 | |||
NBV | $ 34,546,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1408, White Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,584,000 | |||
Buildings and Improvements | 34,507,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,584,000 | |||
Buildings and Improvements | 34,507,000 | |||
Total | 37,091,000 | |||
Accumulated Depreciation | 7,034,000 | |||
NBV | $ 30,057,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7120, Hampton Manor Belleview | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 390,000 | |||
Buildings and Improvements | 8,337,000 | |||
Costs Capitalized Subsequent to Acquisition | 100,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 390,000 | |||
Buildings and Improvements | 8,437,000 | |||
Total | 8,827,000 | |||
Accumulated Depreciation | 2,274,000 | |||
NBV | $ 6,553,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7638, Sabal House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 430,000 | |||
Buildings and Improvements | 5,902,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 430,000 | |||
Buildings and Improvements | 5,902,000 | |||
Total | 6,332,000 | |||
Accumulated Depreciation | 1,585,000 | |||
NBV | $ 4,747,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7231, Bristol Park of Coral Springs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,280,000 | |||
Buildings and Improvements | 11,877,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,331,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,280,000 | |||
Buildings and Improvements | 14,208,000 | |||
Total | 17,488,000 | |||
Accumulated Depreciation | 3,527,000 | |||
NBV | $ 13,961,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7639, Stanley House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 410,000 | |||
Buildings and Improvements | 5,659,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 410,000 | |||
Buildings and Improvements | 5,659,000 | |||
Total | 6,069,000 | |||
Accumulated Depreciation | 1,518,000 | |||
NBV | $ 4,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1354, Barrington Terrace of Fort Myers | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,105,000 | |||
Buildings and Improvements | 18,190,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,523,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,110,000 | |||
Buildings and Improvements | 19,708,000 | |||
Total | 21,818,000 | |||
Accumulated Depreciation | 3,909,000 | |||
NBV | $ 17,909,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7520, The Peninsula | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,660,000 | |||
Buildings and Improvements | 9,122,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,416,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,660,000 | |||
Buildings and Improvements | 10,538,000 | |||
Total | 14,198,000 | |||
Accumulated Depreciation | 3,089,000 | |||
NBV | $ 11,109,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3801, Elmcroft of Timberlin Parc | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 455,000 | |||
Buildings and Improvements | 5,905,000 | |||
Costs Capitalized Subsequent to Acquisition | 547,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 455,000 | |||
Buildings and Improvements | 6,452,000 | |||
Total | 6,907,000 | |||
Accumulated Depreciation | 2,410,000 | |||
NBV | $ 4,497,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7636, Forsyth House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 610,000 | |||
Buildings and Improvements | 6,503,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 610,000 | |||
Buildings and Improvements | 6,503,000 | |||
Total | 7,113,000 | |||
Accumulated Depreciation | 1,731,000 | |||
NBV | $ 5,382,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1355, Barrington Terrace of Naples | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,596,000 | |||
Buildings and Improvements | 18,716,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,670,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,610,000 | |||
Buildings and Improvements | 20,372,000 | |||
Total | 22,982,000 | |||
Accumulated Depreciation | 3,702,000 | |||
NBV | $ 19,280,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3970, The Carlisle Naples | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,406,000 | |||
Buildings and Improvements | 78,091,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,406,000 | |||
Buildings and Improvements | 78,091,000 | |||
Total | 86,497,000 | |||
Accumulated Depreciation | 20,212,000 | |||
NBV | $ 66,285,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3971, Naples ALZ Development | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,983,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,983,000 | |||
Buildings and Improvements | 0 | |||
Total | 2,983,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 2,983,000 | |||
Other Third Party | Seniors Housing Communities | 7121, Hampton Manor at 24th Road | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 690,000 | |||
Buildings and Improvements | 8,767,000 | |||
Costs Capitalized Subsequent to Acquisition | 121,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 690,000 | |||
Buildings and Improvements | 8,888,000 | |||
Total | 9,578,000 | |||
Accumulated Depreciation | 2,332,000 | |||
NBV | $ 7,246,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7122, Hampton Manor at Deerwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 790,000 | |||
Buildings and Improvements | 5,605,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,818,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 983,000 | |||
Buildings and Improvements | 9,230,000 | |||
Total | 10,213,000 | |||
Accumulated Depreciation | 2,179,000 | |||
NBV | $ 8,034,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1409, Las Palmas | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 984,000 | |||
Buildings and Improvements | 30,009,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 984,000 | |||
Buildings and Improvements | 30,009,000 | |||
Total | 30,993,000 | |||
Accumulated Depreciation | 6,087,000 | |||
NBV | $ 24,906,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1707, Outlook Pointe at Pensacola | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,230,000 | |||
Buildings and Improvements | 2,362,000 | |||
Costs Capitalized Subsequent to Acquisition | 405,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,230,000 | |||
Buildings and Improvements | 2,767,000 | |||
Total | 4,997,000 | |||
Accumulated Depreciation | 872,000 | |||
NBV | $ 4,125,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7637, Magnolia House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 400,000 | |||
Buildings and Improvements | 5,190,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 400,000 | |||
Buildings and Improvements | 5,190,000 | |||
Total | 5,590,000 | |||
Accumulated Depreciation | 1,413,000 | |||
NBV | $ 4,177,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1708, Outlook Pointe at Tallahassee | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,430,000 | |||
Buildings and Improvements | 17,745,000 | |||
Costs Capitalized Subsequent to Acquisition | 329,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,430,000 | |||
Buildings and Improvements | 18,074,000 | |||
Total | 20,504,000 | |||
Accumulated Depreciation | 4,779,000 | |||
NBV | $ 15,725,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1714, Magnolia Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 640,000 | |||
Buildings and Improvements | 8,013,000 | |||
Costs Capitalized Subsequent to Acquisition | 71,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 641,000 | |||
Buildings and Improvements | 8,083,000 | |||
Total | 8,724,000 | |||
Accumulated Depreciation | 1,979,000 | |||
NBV | $ 6,745,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7230, Bristol Park of Tamarac | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,920,000 | |||
Buildings and Improvements | 14,130,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,142,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,920,000 | |||
Buildings and Improvements | 16,272,000 | |||
Total | 20,192,000 | |||
Accumulated Depreciation | 4,070,000 | |||
NBV | $ 16,122,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3874, Elmcroft of Carrolwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,410,000 | |||
Buildings and Improvements | 20,944,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,761,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,415,000 | |||
Buildings and Improvements | 22,700,000 | |||
Total | 28,115,000 | |||
Accumulated Depreciation | 6,303,000 | |||
NBV | $ 21,812,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1351, Arbor Terrace of Athens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,767,000 | |||
Buildings and Improvements | 16,442,000 | |||
Costs Capitalized Subsequent to Acquisition | 632,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,777,000 | |||
Buildings and Improvements | 17,064,000 | |||
Total | 18,841,000 | |||
Accumulated Depreciation | 3,092,000 | |||
NBV | $ 15,749,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1353, Arbor Terrace at Cascade | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,052,000 | |||
Buildings and Improvements | 9,040,000 | |||
Costs Capitalized Subsequent to Acquisition | 979,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,057,000 | |||
Buildings and Improvements | 10,014,000 | |||
Total | 13,071,000 | |||
Accumulated Depreciation | 2,589,000 | |||
NBV | $ 10,482,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7410, Augusta Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 10,262,000 | |||
Costs Capitalized Subsequent to Acquisition | 308,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 543,000 | |||
Buildings and Improvements | 10,557,000 | |||
Total | 11,100,000 | |||
Accumulated Depreciation | 2,937,000 | |||
NBV | $ 8,163,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1851, Benton House of Convington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,297,000 | |||
Buildings and Improvements | 11,397,000 | |||
Costs Capitalized Subsequent to Acquisition | 396,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,298,000 | |||
Buildings and Improvements | 11,792,000 | |||
Total | 13,090,000 | |||
Accumulated Depreciation | 2,238,000 | |||
NBV | $ 10,852,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1352, Arbor Terrace of Decatur | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,102,000 | |||
Buildings and Improvements | 19,599,000 | |||
Costs Capitalized Subsequent to Acquisition | (668,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,298,000 | |||
Buildings and Improvements | 20,735,000 | |||
Total | 22,033,000 | |||
Accumulated Depreciation | 3,681,000 | |||
NBV | $ 18,352,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1852, Benton House of Douglasville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,697,000 | |||
Buildings and Improvements | 15,542,000 | |||
Costs Capitalized Subsequent to Acquisition | 175,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,697,000 | |||
Buildings and Improvements | 15,717,000 | |||
Total | 17,414,000 | |||
Accumulated Depreciation | 2,856,000 | |||
NBV | $ 14,558,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3826, Elmcroft of Martinez | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 408,000 | |||
Buildings and Improvements | 6,764,000 | |||
Costs Capitalized Subsequent to Acquisition | 825,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 408,000 | |||
Buildings and Improvements | 7,589,000 | |||
Total | 7,997,000 | |||
Accumulated Depreciation | 2,556,000 | |||
NBV | $ 5,441,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1853, Benton House of Newnan | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,474,000 | |||
Buildings and Improvements | 17,487,000 | |||
Costs Capitalized Subsequent to Acquisition | 299,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,487,000 | |||
Buildings and Improvements | 17,773,000 | |||
Total | 19,260,000 | |||
Accumulated Depreciation | 3,164,000 | |||
NBV | $ 16,096,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3905, Elmcroft Of Roswell | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,867,000 | |||
Buildings and Improvements | 15,835,000 | |||
Costs Capitalized Subsequent to Acquisition | 385,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,867,000 | |||
Buildings and Improvements | 16,220,000 | |||
Total | 18,087,000 | |||
Accumulated Depreciation | 2,789,000 | |||
NBV | $ 15,298,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1855, Benton Village of Stockbridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,221,000 | |||
Buildings and Improvements | 21,989,000 | |||
Costs Capitalized Subsequent to Acquisition | 780,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,232,000 | |||
Buildings and Improvements | 22,758,000 | |||
Total | 24,990,000 | |||
Accumulated Depreciation | 4,224,000 | |||
NBV | $ 20,766,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1854, Benton House of Sugar Hill | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,173,000 | |||
Buildings and Improvements | 14,937,000 | |||
Costs Capitalized Subsequent to Acquisition | 189,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,181,000 | |||
Buildings and Improvements | 15,118,000 | |||
Total | 17,299,000 | |||
Accumulated Depreciation | 2,899,000 | |||
NBV | $ 14,400,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1105, Villas of St James | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 671,000 | |||
Buildings and Improvements | 6,849,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 671,000 | |||
Buildings and Improvements | 6,849,000 | |||
Total | 7,520,000 | |||
Accumulated Depreciation | 1,437,000 | |||
NBV | $ 6,083,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1106, Villas of Holly Brook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,185,000 | |||
Buildings and Improvements | 8,910,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,185,000 | |||
Buildings and Improvements | 8,910,000 | |||
Total | 10,095,000 | |||
Accumulated Depreciation | 1,922,000 | |||
NBV | $ 8,173,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1104, Villas of Holly Brook, Effingham | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 508,000 | |||
Buildings and Improvements | 6,624,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 508,000 | |||
Buildings and Improvements | 6,624,000 | |||
Total | 7,132,000 | |||
Accumulated Depreciation | 1,350,000 | |||
NBV | $ 5,782,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1101, Villas of Holly Brook, Herrin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,175,000 | |||
Buildings and Improvements | 9,605,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,175,000 | |||
Buildings and Improvements | 9,605,000 | |||
Total | 11,780,000 | |||
Accumulated Depreciation | 2,387,000 | |||
NBV | $ 9,393,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1103, Villas of Holly Brook, Marshall | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,461,000 | |||
Buildings and Improvements | 4,881,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,461,000 | |||
Buildings and Improvements | 4,881,000 | |||
Total | 6,342,000 | |||
Accumulated Depreciation | 1,411,000 | |||
NBV | $ 4,931,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1107, Villas of Holly Brook, Newton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 458,000 | |||
Buildings and Improvements | 4,590,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 458,000 | |||
Buildings and Improvements | 4,590,000 | |||
Total | 5,048,000 | |||
Accumulated Depreciation | 1,039,000 | |||
NBV | $ 4,009,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1880, Wyndcrest Assisted Living | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 570,000 | |||
Buildings and Improvements | 6,536,000 | |||
Costs Capitalized Subsequent to Acquisition | 194,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 570,000 | |||
Buildings and Improvements | 6,730,000 | |||
Total | 7,300,000 | |||
Accumulated Depreciation | 1,375,000 | |||
NBV | $ 5,925,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1102, Villas of Holly Brook, Shelbyville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,292,000 | |||
Buildings and Improvements | 3,351,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,292,000 | |||
Buildings and Improvements | 3,351,000 | |||
Total | 5,643,000 | |||
Accumulated Depreciation | 1,552,000 | |||
NBV | $ 4,091,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3827, Elmcroft of Muncie | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 244,000 | |||
Buildings and Improvements | 11,218,000 | |||
Costs Capitalized Subsequent to Acquisition | 593,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 277,000 | |||
Buildings and Improvements | 11,778,000 | |||
Total | 12,055,000 | |||
Accumulated Depreciation | 4,204,000 | |||
NBV | $ 7,851,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7482, Wood Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 4,850,000 | |||
Costs Capitalized Subsequent to Acquisition | (35,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 4,815,000 | |||
Total | 5,405,000 | |||
Accumulated Depreciation | 1,332,000 | |||
NBV | $ 4,073,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3902, Elmcroft Of Florence | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,535,000 | |||
Buildings and Improvements | 21,826,000 | |||
Costs Capitalized Subsequent to Acquisition | 677,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,544,000 | |||
Buildings and Improvements | 22,494,000 | |||
Total | 24,038,000 | |||
Accumulated Depreciation | 3,845,000 | |||
NBV | $ 20,193,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1410, Hartland Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,468,000 | |||
Buildings and Improvements | 23,929,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,468,000 | |||
Buildings and Improvements | 23,929,000 | |||
Total | 25,397,000 | |||
Accumulated Depreciation | 4,870,000 | |||
NBV | $ 20,527,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3903, Elmcroft Of Mount Washington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 758,000 | |||
Buildings and Improvements | 12,048,000 | |||
Costs Capitalized Subsequent to Acquisition | 764,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 758,000 | |||
Buildings and Improvements | 12,812,000 | |||
Total | 13,570,000 | |||
Accumulated Depreciation | 2,214,000 | |||
NBV | $ 11,356,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7130, Clover Healthcare | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,400,000 | |||
Buildings and Improvements | 26,895,000 | |||
Costs Capitalized Subsequent to Acquisition | 876,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,400,000 | |||
Buildings and Improvements | 27,771,000 | |||
Total | 29,171,000 | |||
Accumulated Depreciation | 7,825,000 | |||
NBV | $ 21,346,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7132, Gorham House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,360,000 | |||
Buildings and Improvements | 33,147,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,472,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,527,000 | |||
Buildings and Improvements | 34,452,000 | |||
Total | 35,979,000 | |||
Accumulated Depreciation | 8,857,000 | |||
NBV | $ 27,122,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1413, Kittery Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,531,000 | |||
Buildings and Improvements | 30,811,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,531,000 | |||
Buildings and Improvements | 30,811,000 | |||
Total | 32,342,000 | |||
Accumulated Depreciation | 6,262,000 | |||
NBV | $ 26,080,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1412, Woods at Canco | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,441,000 | |||
Buildings and Improvements | 45,578,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,441,000 | |||
Buildings and Improvements | 45,578,000 | |||
Total | 47,019,000 | |||
Accumulated Depreciation | 9,244,000 | |||
NBV | $ 37,775,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7131, Sentry Hill | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,490,000 | |||
Buildings and Improvements | 19,869,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,490,000 | |||
Buildings and Improvements | 19,869,000 | |||
Total | 23,359,000 | |||
Accumulated Depreciation | 5,224,000 | |||
NBV | $ 18,135,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1709, Outlook Pointe at Hagerstown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,010,000 | |||
Buildings and Improvements | 1,293,000 | |||
Costs Capitalized Subsequent to Acquisition | 229,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,951,000 | |||
Buildings and Improvements | 1,581,000 | |||
Total | 3,532,000 | |||
Accumulated Depreciation | 562,000 | |||
NBV | $ 2,970,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2510, Heritage Woods | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,249,000 | |||
Buildings and Improvements | 4,625,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,249,000 | |||
Buildings and Improvements | 4,625,000 | |||
Total | 5,874,000 | |||
Accumulated Depreciation | 2,680,000 | |||
NBV | $ 3,194,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Other Third Party | Seniors Housing Communities | 1411, Devonshire Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,832,000 | |||
Buildings and Improvements | 31,124,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,832,000 | |||
Buildings and Improvements | 31,124,000 | |||
Total | 32,956,000 | |||
Accumulated Depreciation | 6,333,000 | |||
NBV | $ 26,623,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3878, Elmcroft of Downriver | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 32,652,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,249,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 371,000 | |||
Buildings and Improvements | 33,850,000 | |||
Total | 34,221,000 | |||
Accumulated Depreciation | 8,860,000 | |||
NBV | $ 25,361,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3611, Independence Village of East Lansing | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,956,000 | |||
Buildings and Improvements | 18,122,000 | |||
Costs Capitalized Subsequent to Acquisition | 398,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,956,000 | |||
Buildings and Improvements | 18,520,000 | |||
Total | 20,476,000 | |||
Accumulated Depreciation | 4,295,000 | |||
NBV | $ 16,181,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7421, Primrose Austin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,540,000 | |||
Buildings and Improvements | 11,707,000 | |||
Costs Capitalized Subsequent to Acquisition | 443,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,540,000 | |||
Buildings and Improvements | 12,150,000 | |||
Total | 14,690,000 | |||
Accumulated Depreciation | 3,150,000 | |||
NBV | $ 11,540,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7423, Primrose Duluth | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,190,000 | |||
Buildings and Improvements | 8,296,000 | |||
Costs Capitalized Subsequent to Acquisition | 257,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,245,000 | |||
Buildings and Improvements | 8,498,000 | |||
Total | 14,743,000 | |||
Accumulated Depreciation | 2,483,000 | |||
NBV | $ 12,260,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7424, Primrose Mankato | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,860,000 | |||
Buildings and Improvements | 8,920,000 | |||
Costs Capitalized Subsequent to Acquisition | 352,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,860,000 | |||
Buildings and Improvements | 9,272,000 | |||
Total | 11,132,000 | |||
Accumulated Depreciation | 2,649,000 | |||
NBV | $ 8,483,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1414, Lodge at White Bear | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 732,000 | |||
Buildings and Improvements | 24,999,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 732,000 | |||
Buildings and Improvements | 24,999,000 | |||
Total | 25,731,000 | |||
Accumulated Depreciation | 5,069,000 | |||
NBV | $ 20,662,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1108, Assisted Living at the Meadowlands | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,326,000 | |||
Buildings and Improvements | 14,158,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,326,000 | |||
Buildings and Improvements | 14,158,000 | |||
Total | 16,484,000 | |||
Accumulated Depreciation | 2,967,000 | |||
NBV | $ 13,517,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7300, Canyon Creek Inn Memory Care | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 420,000 | |||
Buildings and Improvements | 11,217,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 420,000 | |||
Buildings and Improvements | 11,224,000 | |||
Total | 11,644,000 | |||
Accumulated Depreciation | 2,866,000 | |||
NBV | $ 8,778,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Spring Creek Inn Alzheimer's Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,345,000 | |||
Buildings and Improvements | 16,877,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,345,000 | |||
Buildings and Improvements | 16,877,000 | |||
Total | 18,222,000 | |||
Accumulated Depreciation | 1,598,000 | |||
NBV | $ 16,624,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2651, Springs at Missoula | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,922,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,975,000 | |||
Buildings and Improvements | 34,390,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,076,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,975,000 | |||
Buildings and Improvements | 36,466,000 | |||
Total | 38,441,000 | |||
Accumulated Depreciation | 8,444,000 | |||
NBV | $ 29,997,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3602, Crown Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,316,000 | |||
Buildings and Improvements | 11,950,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,418,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,316,000 | |||
Buildings and Improvements | 14,368,000 | |||
Total | 15,684,000 | |||
Accumulated Depreciation | 5,397,000 | |||
NBV | $ 10,287,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1458, Prestige Assisted Living at Mira Loma | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,279,000 | |||
Buildings and Improvements | 12,558,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,279,000 | |||
Buildings and Improvements | 12,558,000 | |||
Total | 13,837,000 | |||
Accumulated Depreciation | 1,584,000 | |||
NBV | $ 12,253,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1416, Birch Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,413,000 | |||
Buildings and Improvements | 30,267,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,413,000 | |||
Buildings and Improvements | 30,267,000 | |||
Total | 31,680,000 | |||
Accumulated Depreciation | 6,150,000 | |||
NBV | $ 25,530,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1417, Bear Canyon Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,879,000 | |||
Buildings and Improvements | 36,223,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,879,000 | |||
Buildings and Improvements | 36,223,000 | |||
Total | 38,102,000 | |||
Accumulated Depreciation | 7,364,000 | |||
NBV | $ 30,738,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2275, The Woodmark at Uptown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,439,000 | |||
Buildings and Improvements | 33,276,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,473,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,471,000 | |||
Buildings and Improvements | 34,717,000 | |||
Total | 37,188,000 | |||
Accumulated Depreciation | 6,055,000 | |||
NBV | $ 31,133,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3890, Elmcroft of Quintessence | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,150,000 | |||
Buildings and Improvements | 26,527,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,103,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,165,000 | |||
Buildings and Improvements | 27,615,000 | |||
Total | 28,780,000 | |||
Accumulated Depreciation | 7,317,000 | |||
NBV | $ 21,463,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3600, The Amberleigh | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,498,000 | |||
Buildings and Improvements | 19,097,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,790,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,498,000 | |||
Buildings and Improvements | 25,887,000 | |||
Total | 29,385,000 | |||
Accumulated Depreciation | 8,822,000 | |||
NBV | $ 20,563,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Brookdale Battery Park City, 5076 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 116,100,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,903,000 | |||
Buildings and Improvements | 186,978,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,100,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,903,000 | |||
Buildings and Improvements | 188,078,000 | |||
Total | 190,981,000 | |||
Accumulated Depreciation | 7,421,000 | |||
NBV | $ 183,560,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7290, Castle Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,830,000 | |||
Buildings and Improvements | 20,312,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,230,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,885,000 | |||
Buildings and Improvements | 22,487,000 | |||
Total | 24,372,000 | |||
Accumulated Depreciation | 7,396,000 | |||
NBV | $ 16,976,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7090, Carillon ALF of Asheboro | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 680,000 | |||
Buildings and Improvements | 15,370,000 | |||
Costs Capitalized Subsequent to Acquisition | 183,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 680,000 | |||
Buildings and Improvements | 15,553,000 | |||
Total | 16,233,000 | |||
Accumulated Depreciation | 3,758,000 | |||
NBV | $ 12,475,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1350, Arbor Terrace of Asheville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,365,000 | |||
Buildings and Improvements | 15,679,000 | |||
Costs Capitalized Subsequent to Acquisition | 831,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,365,000 | |||
Buildings and Improvements | 16,510,000 | |||
Total | 17,875,000 | |||
Accumulated Depreciation | 3,121,000 | |||
NBV | $ 14,754,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3802, Elmcroft of Little Avenue | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 5,077,000 | |||
Costs Capitalized Subsequent to Acquisition | 441,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 250,000 | |||
Buildings and Improvements | 5,518,000 | |||
Total | 5,768,000 | |||
Accumulated Depreciation | 2,053,000 | |||
NBV | $ 3,715,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7093, Carillon ALF of Cramer Mountain | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 18,225,000 | |||
Costs Capitalized Subsequent to Acquisition | (67,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 530,000 | |||
Buildings and Improvements | 18,158,000 | |||
Total | 18,688,000 | |||
Accumulated Depreciation | 4,438,000 | |||
NBV | $ 14,250,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7092, Carillon ALF of Harrisburg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 15,130,000 | |||
Costs Capitalized Subsequent to Acquisition | 299,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 15,429,000 | |||
Total | 17,089,000 | |||
Accumulated Depreciation | 3,710,000 | |||
NBV | $ 13,379,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7097, Carillon ALF of Hendersonville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,210,000 | |||
Buildings and Improvements | 7,372,000 | |||
Costs Capitalized Subsequent to Acquisition | 55,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,210,000 | |||
Buildings and Improvements | 7,427,000 | |||
Total | 9,637,000 | |||
Accumulated Depreciation | 1,873,000 | |||
NBV | $ 7,764,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7098, Carillon ALF of Hillsborough | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,450,000 | |||
Buildings and Improvements | 19,754,000 | |||
Costs Capitalized Subsequent to Acquisition | (56,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,450,000 | |||
Buildings and Improvements | 19,698,000 | |||
Total | 21,148,000 | |||
Accumulated Depreciation | 4,870,000 | |||
NBV | $ 16,278,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1415, Willow Grove | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 763,000 | |||
Buildings and Improvements | 27,544,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 763,000 | |||
Buildings and Improvements | 27,544,000 | |||
Total | 28,307,000 | |||
Accumulated Depreciation | 5,584,000 | |||
NBV | $ 22,723,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7095, Carillon ALF of Newton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 540,000 | |||
Buildings and Improvements | 14,935,000 | |||
Costs Capitalized Subsequent to Acquisition | 133,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 540,000 | |||
Buildings and Improvements | 15,068,000 | |||
Total | 15,608,000 | |||
Accumulated Depreciation | 3,643,000 | |||
NBV | $ 11,965,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3612, Independence Village of Olde Raleigh | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,989,000 | |||
Buildings and Improvements | 18,648,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,989,000 | |||
Buildings and Improvements | 18,648,000 | |||
Total | 20,637,000 | |||
Accumulated Depreciation | 4,296,000 | |||
NBV | $ 16,341,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3846, Elmcroft of Northridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 184,000 | |||
Buildings and Improvements | 3,592,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,029,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 207,000 | |||
Buildings and Improvements | 5,598,000 | |||
Total | 5,805,000 | |||
Accumulated Depreciation | 1,666,000 | |||
NBV | $ 4,139,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7091, Carillon ALF of Salisbury | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,580,000 | |||
Buildings and Improvements | 25,026,000 | |||
Costs Capitalized Subsequent to Acquisition | 114,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,580,000 | |||
Buildings and Improvements | 25,140,000 | |||
Total | 26,720,000 | |||
Accumulated Depreciation | 6,092,000 | |||
NBV | $ 20,628,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7094, Carillon ALF of Shelby | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 15,471,000 | |||
Costs Capitalized Subsequent to Acquisition | 11,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 660,000 | |||
Buildings and Improvements | 15,482,000 | |||
Total | 16,142,000 | |||
Accumulated Depreciation | 3,797,000 | |||
NBV | $ 12,345,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3866, Elmcroft of Southern Pines | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,196,000 | |||
Buildings and Improvements | 10,766,000 | |||
Costs Capitalized Subsequent to Acquisition | 725,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,196,000 | |||
Buildings and Improvements | 11,491,000 | |||
Total | 12,687,000 | |||
Accumulated Depreciation | 3,208,000 | |||
NBV | $ 9,479,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7096, Carillon ALF of Southport | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,330,000 | |||
Buildings and Improvements | 10,356,000 | |||
Costs Capitalized Subsequent to Acquisition | (17,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,330,000 | |||
Buildings and Improvements | 10,339,000 | |||
Total | 11,669,000 | |||
Accumulated Depreciation | 2,597,000 | |||
NBV | $ 9,072,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7422, Primrose Bismarck | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,210,000 | |||
Buildings and Improvements | 9,768,000 | |||
Costs Capitalized Subsequent to Acquisition | 255,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,210,000 | |||
Buildings and Improvements | 10,023,000 | |||
Total | 11,233,000 | |||
Accumulated Depreciation | 2,709,000 | |||
NBV | $ 8,524,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1100, Wellington ALF-Minot ND | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,241,000 | |||
Buildings and Improvements | 9,509,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,241,000 | |||
Buildings and Improvements | 9,509,000 | |||
Total | 12,750,000 | |||
Accumulated Depreciation | 2,465,000 | |||
NBV | $ 10,285,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3847, Elmcroft of Lima | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 3,368,000 | |||
Costs Capitalized Subsequent to Acquisition | 471,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 3,839,000 | |||
Total | 4,329,000 | |||
Accumulated Depreciation | 1,420,000 | |||
NBV | $ 2,909,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3812, Elmcroft of Ontario | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 523,000 | |||
Buildings and Improvements | 7,968,000 | |||
Costs Capitalized Subsequent to Acquisition | 426,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 523,000 | |||
Buildings and Improvements | 8,394,000 | |||
Total | 8,917,000 | |||
Accumulated Depreciation | 3,146,000 | |||
NBV | $ 5,771,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3813, Elmcroft of Medina | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 661,000 | |||
Buildings and Improvements | 9,788,000 | |||
Costs Capitalized Subsequent to Acquisition | 626,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 661,000 | |||
Buildings and Improvements | 10,414,000 | |||
Total | 11,075,000 | |||
Accumulated Depreciation | 3,904,000 | |||
NBV | $ 7,171,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3814, Elmcroft of Washington Township | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,235,000 | |||
Buildings and Improvements | 12,611,000 | |||
Costs Capitalized Subsequent to Acquisition | 656,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,235,000 | |||
Buildings and Improvements | 13,267,000 | |||
Total | 14,502,000 | |||
Accumulated Depreciation | 4,972,000 | |||
NBV | $ 9,530,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3816, Elmcroft of Sagamore Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 980,000 | |||
Buildings and Improvements | 12,604,000 | |||
Costs Capitalized Subsequent to Acquisition | 825,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 980,000 | |||
Buildings and Improvements | 13,429,000 | |||
Total | 14,409,000 | |||
Accumulated Depreciation | 5,023,000 | |||
NBV | $ 9,386,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3885, Elmcroft of Lorain | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 500,000 | |||
Buildings and Improvements | 15,461,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,116,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 557,000 | |||
Buildings and Improvements | 16,520,000 | |||
Total | 17,077,000 | |||
Accumulated Depreciation | 4,786,000 | |||
NBV | $ 12,291,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7543, Gardens at Westlake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,401,000 | |||
Buildings and Improvements | 20,640,000 | |||
Costs Capitalized Subsequent to Acquisition | 623,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,415,000 | |||
Buildings and Improvements | 21,249,000 | |||
Total | 23,664,000 | |||
Accumulated Depreciation | 4,067,000 | |||
NBV | $ 19,597,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3848, Elmcroft of Xenia | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 653,000 | |||
Buildings and Improvements | 2,801,000 | |||
Costs Capitalized Subsequent to Acquisition | 712,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 653,000 | |||
Buildings and Improvements | 3,513,000 | |||
Total | 4,166,000 | |||
Accumulated Depreciation | 1,299,000 | |||
NBV | $ 2,867,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1804, Arbor House of Mustang | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 372,000 | |||
Buildings and Improvements | 3,587,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 372,000 | |||
Buildings and Improvements | 3,587,000 | |||
Total | 3,959,000 | |||
Accumulated Depreciation | 808,000 | |||
NBV | $ 3,151,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1805, Arbor House of Norman | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 7,525,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 7,525,000 | |||
Total | 7,969,000 | |||
Accumulated Depreciation | 1,688,000 | |||
NBV | $ 6,281,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1806, Arbor House Reminisce Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 438,000 | |||
Buildings and Improvements | 3,028,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 438,000 | |||
Buildings and Improvements | 3,028,000 | |||
Total | 3,466,000 | |||
Accumulated Depreciation | 685,000 | |||
NBV | $ 2,781,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1803, Arbor House of Midwest City | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 544,000 | |||
Buildings and Improvements | 9,133,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 544,000 | |||
Buildings and Improvements | 9,133,000 | |||
Total | 9,677,000 | |||
Accumulated Depreciation | 2,049,000 | |||
NBV | $ 7,628,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7014, Mansion at Waterford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,077,000 | |||
Buildings and Improvements | 14,184,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,077,000 | |||
Buildings and Improvements | 14,184,000 | |||
Total | 16,261,000 | |||
Accumulated Depreciation | 3,347,000 | |||
NBV | $ 12,914,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7019, Meadowbrook Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,430,000 | |||
Buildings and Improvements | 5,311,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,430,000 | |||
Buildings and Improvements | 5,311,000 | |||
Total | 6,741,000 | |||
Accumulated Depreciation | 910,000 | |||
NBV | $ 5,831,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1418, Edgewood Downs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,356,000 | |||
Buildings and Improvements | 15,476,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,356,000 | |||
Buildings and Improvements | 15,476,000 | |||
Total | 17,832,000 | |||
Accumulated Depreciation | 3,183,000 | |||
NBV | $ 14,649,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1305, Princeton Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 2,427,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,126,000 | |||
Buildings and Improvements | 10,283,000 | |||
Costs Capitalized Subsequent to Acquisition | 92,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,126,000 | |||
Buildings and Improvements | 10,375,000 | |||
Total | 11,501,000 | |||
Accumulated Depreciation | 1,935,000 | |||
NBV | $ 9,566,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1300, Bayside Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 498,000 | |||
Buildings and Improvements | 2,795,000 | |||
Costs Capitalized Subsequent to Acquisition | 519,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 498,000 | |||
Buildings and Improvements | 3,314,000 | |||
Total | 3,812,000 | |||
Accumulated Depreciation | 699,000 | |||
NBV | $ 3,113,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1301, Ocean Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,681,000 | |||
Buildings and Improvements | 10,941,000 | |||
Costs Capitalized Subsequent to Acquisition | 23,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,681,000 | |||
Buildings and Improvements | 10,964,000 | |||
Total | 13,645,000 | |||
Accumulated Depreciation | 2,548,000 | |||
NBV | $ 11,097,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1518, Avamere at Hillsboro | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,400,000 | |||
Buildings and Improvements | 8,353,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,413,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,400,000 | |||
Buildings and Improvements | 9,766,000 | |||
Total | 14,166,000 | |||
Accumulated Depreciation | 2,939,000 | |||
NBV | $ 11,227,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2652, The Springs at Tanasbourne | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 31,754,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,689,000 | |||
Buildings and Improvements | 55,035,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,689,000 | |||
Buildings and Improvements | 55,035,000 | |||
Total | 59,724,000 | |||
Accumulated Depreciation | 13,789,000 | |||
NBV | $ 45,935,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1530, The Arbor at Avamere Court | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 922,000 | |||
Buildings and Improvements | 6,460,000 | |||
Costs Capitalized Subsequent to Acquisition | 110,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,135,000 | |||
Buildings and Improvements | 6,357,000 | |||
Total | 7,492,000 | |||
Accumulated Depreciation | 1,326,000 | |||
NBV | $ 6,166,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1302, Pelican Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 11,128,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 943,000 | |||
Buildings and Improvements | 26,237,000 | |||
Costs Capitalized Subsequent to Acquisition | 166,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 943,000 | |||
Buildings and Improvements | 26,403,000 | |||
Total | 27,346,000 | |||
Accumulated Depreciation | 4,556,000 | |||
NBV | $ 22,790,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1523, The Stafford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 16,122,000 | |||
Costs Capitalized Subsequent to Acquisition | 802,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,806,000 | |||
Buildings and Improvements | 16,918,000 | |||
Total | 18,724,000 | |||
Accumulated Depreciation | 4,680,000 | |||
NBV | $ 14,044,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2649, The Springs at Clackamas Woods (ILF) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 14,238,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,264,000 | |||
Buildings and Improvements | 22,429,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,194,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,381,000 | |||
Buildings and Improvements | 25,506,000 | |||
Total | 26,887,000 | |||
Accumulated Depreciation | 5,574,000 | |||
NBV | $ 21,313,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2650, Clackamas Woods Assisted Living | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 7,666,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 681,000 | |||
Buildings and Improvements | 12,077,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 681,000 | |||
Buildings and Improvements | 12,077,000 | |||
Total | 12,758,000 | |||
Accumulated Depreciation | 2,829,000 | |||
NBV | $ 9,929,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1304, Pheasant Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 904,000 | |||
Buildings and Improvements | 7,433,000 | |||
Costs Capitalized Subsequent to Acquisition | 242,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 904,000 | |||
Buildings and Improvements | 7,675,000 | |||
Total | 8,579,000 | |||
Accumulated Depreciation | 1,324,000 | |||
NBV | $ 7,255,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1521, Avamere at Newberg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 4,664,000 | |||
Costs Capitalized Subsequent to Acquisition | 641,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,342,000 | |||
Buildings and Improvements | 5,283,000 | |||
Total | 6,625,000 | |||
Accumulated Depreciation | 1,779,000 | |||
NBV | $ 4,846,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1524, Avamere Living at Berry Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,910,000 | |||
Buildings and Improvements | 4,249,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,316,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,910,000 | |||
Buildings and Improvements | 6,565,000 | |||
Total | 8,475,000 | |||
Accumulated Depreciation | 2,217,000 | |||
NBV | $ 6,258,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7018, McLoughlin Place Senior Living | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,418,000 | |||
Buildings and Improvements | 26,819,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,418,000 | |||
Buildings and Improvements | 26,819,000 | |||
Total | 29,237,000 | |||
Accumulated Depreciation | 4,537,000 | |||
NBV | $ 24,700,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1516, Avamere at Bethany | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,150,000 | |||
Buildings and Improvements | 16,740,000 | |||
Costs Capitalized Subsequent to Acquisition | 257,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,150,000 | |||
Buildings and Improvements | 16,997,000 | |||
Total | 20,147,000 | |||
Accumulated Depreciation | 4,691,000 | |||
NBV | $ 15,456,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1303, Cedar Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 868,000 | |||
Buildings and Improvements | 12,652,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 868,000 | |||
Buildings and Improvements | 12,671,000 | |||
Total | 13,539,000 | |||
Accumulated Depreciation | 2,030,000 | |||
NBV | $ 11,509,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1306, Redwood Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,513,000 | |||
Buildings and Improvements | 16,774,000 | |||
Costs Capitalized Subsequent to Acquisition | (175,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,513,000 | |||
Buildings and Improvements | 16,599,000 | |||
Total | 18,112,000 | |||
Accumulated Depreciation | 2,657,000 | |||
NBV | $ 15,455,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1520, Avamere at Sandy | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,000,000 | |||
Buildings and Improvements | 7,309,000 | |||
Costs Capitalized Subsequent to Acquisition | 345,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,000,000 | |||
Buildings and Improvements | 7,654,000 | |||
Total | 8,654,000 | |||
Accumulated Depreciation | 2,305,000 | |||
NBV | $ 6,349,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1522, Suzanne Elise ALF | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,940,000 | |||
Buildings and Improvements | 4,027,000 | |||
Costs Capitalized Subsequent to Acquisition | 627,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,945,000 | |||
Buildings and Improvements | 4,649,000 | |||
Total | 6,594,000 | |||
Accumulated Depreciation | 1,490,000 | |||
NBV | $ 5,104,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1531, Necanicum Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,212,000 | |||
Buildings and Improvements | 7,311,000 | |||
Costs Capitalized Subsequent to Acquisition | 270,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,212,000 | |||
Buildings and Improvements | 7,581,000 | |||
Total | 9,793,000 | |||
Accumulated Depreciation | 1,367,000 | |||
NBV | $ 8,426,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1519, Avamere at Sherwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,010,000 | |||
Buildings and Improvements | 7,051,000 | |||
Costs Capitalized Subsequent to Acquisition | 638,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,010,000 | |||
Buildings and Improvements | 7,689,000 | |||
Total | 8,699,000 | |||
Accumulated Depreciation | 2,228,000 | |||
NBV | $ 6,471,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7483, Chateau Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,550,000 | |||
Buildings and Improvements | 4,197,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,550,000 | |||
Buildings and Improvements | 4,197,000 | |||
Total | 5,747,000 | |||
Accumulated Depreciation | 1,123,000 | |||
NBV | $ 4,624,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Avamere at St Helens, 1517 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,410,000 | |||
Buildings and Improvements | 10,496,000 | |||
Costs Capitalized Subsequent to Acquisition | 502,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,410,000 | |||
Buildings and Improvements | 10,998,000 | |||
Total | 12,408,000 | |||
Accumulated Depreciation | 3,195,000 | |||
NBV | $ 9,213,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Flagstone Senior Living, 7017 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,631,000 | |||
Buildings and Improvements | 17,786,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,631,000 | |||
Buildings and Improvements | 17,786,000 | |||
Total | 19,417,000 | |||
Accumulated Depreciation | 3,003,000 | |||
NBV | $ 16,414,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Allison Park, 3849 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,171,000 | |||
Buildings and Improvements | 5,686,000 | |||
Costs Capitalized Subsequent to Acquisition | 391,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,171,000 | |||
Buildings and Improvements | 6,077,000 | |||
Total | 7,248,000 | |||
Accumulated Depreciation | 2,255,000 | |||
NBV | $ 4,993,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Chippewa, 3853 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,394,000 | |||
Buildings and Improvements | 8,586,000 | |||
Costs Capitalized Subsequent to Acquisition | 519,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,394,000 | |||
Buildings and Improvements | 9,105,000 | |||
Total | 10,499,000 | |||
Accumulated Depreciation | 3,365,000 | |||
NBV | $ 7,134,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Berwick, 3851 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 111,000 | |||
Buildings and Improvements | 6,741,000 | |||
Costs Capitalized Subsequent to Acquisition | 396,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 111,000 | |||
Buildings and Improvements | 7,137,000 | |||
Total | 7,248,000 | |||
Accumulated Depreciation | 2,642,000 | |||
NBV | $ 4,606,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1703, Elmcroft of Bridgeville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 12,624,000 | |||
Costs Capitalized Subsequent to Acquisition | 585,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 13,209,000 | |||
Total | 14,869,000 | |||
Accumulated Depreciation | 3,294,000 | |||
NBV | $ 11,575,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Dillsburg, 3817 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 432,000 | |||
Buildings and Improvements | 7,797,000 | |||
Costs Capitalized Subsequent to Acquisition | 543,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 432,000 | |||
Buildings and Improvements | 8,340,000 | |||
Total | 8,772,000 | |||
Accumulated Depreciation | 3,091,000 | |||
NBV | $ 5,681,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Altoona, 3850 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 331,000 | |||
Buildings and Improvements | 4,729,000 | |||
Costs Capitalized Subsequent to Acquisition | 540,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 331,000 | |||
Buildings and Improvements | 5,269,000 | |||
Total | 5,600,000 | |||
Accumulated Depreciation | 1,931,000 | |||
NBV | $ 3,669,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Lebanon, 3818 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 240,000 | |||
Buildings and Improvements | 7,336,000 | |||
Costs Capitalized Subsequent to Acquisition | 481,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 249,000 | |||
Buildings and Improvements | 7,808,000 | |||
Total | 8,057,000 | |||
Accumulated Depreciation | 2,926,000 | |||
NBV | $ 5,131,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Lewisburg, 3854 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 232,000 | |||
Buildings and Improvements | 5,666,000 | |||
Costs Capitalized Subsequent to Acquisition | 512,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 232,000 | |||
Buildings and Improvements | 6,178,000 | |||
Total | 6,410,000 | |||
Accumulated Depreciation | 2,264,000 | |||
NBV | $ 4,146,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Lehigh Commons, 2502 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 420,000 | |||
Buildings and Improvements | 4,406,000 | |||
Costs Capitalized Subsequent to Acquisition | 450,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 420,000 | |||
Buildings and Improvements | 4,856,000 | |||
Total | 5,276,000 | |||
Accumulated Depreciation | 2,895,000 | |||
NBV | $ 2,381,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Other Third Party | Seniors Housing Communities | 3856, Elmcroft of Loyalsock | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 413,000 | |||
Buildings and Improvements | 3,412,000 | |||
Costs Capitalized Subsequent to Acquisition | 443,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 413,000 | |||
Buildings and Improvements | 3,855,000 | |||
Total | 4,268,000 | |||
Accumulated Depreciation | 1,439,000 | |||
NBV | $ 2,829,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2504, Highgate at Paoli Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,151,000 | |||
Buildings and Improvements | 9,079,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,151,000 | |||
Buildings and Improvements | 9,079,000 | |||
Total | 10,230,000 | |||
Accumulated Depreciation | 4,933,000 | |||
NBV | $ 5,297,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Other Third Party | Seniors Housing Communities | 3907, Elmcroft Of Mid Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 619,000 | |||
Buildings and Improvements | 11,662,000 | |||
Costs Capitalized Subsequent to Acquisition | 285,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 619,000 | |||
Buildings and Improvements | 11,947,000 | |||
Total | 12,566,000 | |||
Accumulated Depreciation | 2,013,000 | |||
NBV | $ 10,553,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2503, Sanatoga Court | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 360,000 | |||
Buildings and Improvements | 3,233,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 360,000 | |||
Buildings and Improvements | 3,233,000 | |||
Total | 3,593,000 | |||
Accumulated Depreciation | 1,807,000 | |||
NBV | $ 1,786,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Other Third Party | Seniors Housing Communities | 2501, Berkshire Commons | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 4,301,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 4,301,000 | |||
Total | 4,771,000 | |||
Accumulated Depreciation | 2,401,000 | |||
NBV | $ 2,370,000 | |||
Life on Which Depreciation in Income Statement is Computed | 30 years | |||
Other Third Party | Seniors Housing Communities | 2511, Mifflin Court | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 689,000 | |||
Buildings and Improvements | 4,265,000 | |||
Costs Capitalized Subsequent to Acquisition | 351,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 689,000 | |||
Buildings and Improvements | 4,616,000 | |||
Total | 5,305,000 | |||
Accumulated Depreciation | 2,368,000 | |||
NBV | $ 2,937,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3857, Elmcroft of Reading | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 638,000 | |||
Buildings and Improvements | 4,942,000 | |||
Costs Capitalized Subsequent to Acquisition | 422,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 638,000 | |||
Buildings and Improvements | 5,364,000 | |||
Total | 6,002,000 | |||
Accumulated Depreciation | 1,977,000 | |||
NBV | $ 4,025,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Reedsville, 3855 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 189,000 | |||
Buildings and Improvements | 5,170,000 | |||
Costs Capitalized Subsequent to Acquisition | 437,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 189,000 | |||
Buildings and Improvements | 5,607,000 | |||
Total | 5,796,000 | |||
Accumulated Depreciation | 2,083,000 | |||
NBV | $ 3,713,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Shippensburg, 3815 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 203,000 | |||
Buildings and Improvements | 7,634,000 | |||
Costs Capitalized Subsequent to Acquisition | 514,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 209,000 | |||
Buildings and Improvements | 8,142,000 | |||
Total | 8,351,000 | |||
Accumulated Depreciation | 3,014,000 | |||
NBV | $ 5,337,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of State College, 3860 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 7,407,000 | |||
Costs Capitalized Subsequent to Acquisition | 389,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 7,796,000 | |||
Total | 8,116,000 | |||
Accumulated Depreciation | 2,912,000 | |||
NBV | $ 5,204,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1704, Outlook Pointe at York | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,260,000 | |||
Buildings and Improvements | 6,923,000 | |||
Costs Capitalized Subsequent to Acquisition | 232,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,260,000 | |||
Buildings and Improvements | 7,155,000 | |||
Total | 8,415,000 | |||
Accumulated Depreciation | 1,810,000 | |||
NBV | $ 6,605,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1850, Garden House of Anderson SC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 969,000 | |||
Buildings and Improvements | 15,613,000 | |||
Costs Capitalized Subsequent to Acquisition | 236,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 974,000 | |||
Buildings and Improvements | 15,844,000 | |||
Total | 16,818,000 | |||
Accumulated Depreciation | 2,933,000 | |||
NBV | $ 13,885,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1419, Forest Pines | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,058,000 | |||
Buildings and Improvements | 27,471,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,058,000 | |||
Buildings and Improvements | 27,471,000 | |||
Total | 28,529,000 | |||
Accumulated Depreciation | 5,576,000 | |||
NBV | $ 22,953,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3803, Elmcroft of Florence SC | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 108,000 | |||
Buildings and Improvements | 7,620,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,095,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 122,000 | |||
Buildings and Improvements | 8,701,000 | |||
Total | 8,823,000 | |||
Accumulated Depreciation | 3,283,000 | |||
NBV | $ 5,540,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Carolina Gardens at Garden City, 1680 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,095,000 | |||
Buildings and Improvements | 8,618,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,095,000 | |||
Buildings and Improvements | 8,618,000 | |||
Total | 9,713,000 | |||
Accumulated Depreciation | 27,000 | |||
NBV | $ 9,686,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Carolina Gardens at Rock Hill, 1681 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 790,000 | |||
Buildings and Improvements | 9,568,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 790,000 | |||
Buildings and Improvements | 9,568,000 | |||
Total | 10,358,000 | |||
Accumulated Depreciation | 30,000 | |||
NBV | $ 10,328,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Primrose Aberdeen, 7420 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 850,000 | |||
Buildings and Improvements | 659,000 | |||
Costs Capitalized Subsequent to Acquisition | 235,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 850,000 | |||
Buildings and Improvements | 894,000 | |||
Total | 1,744,000 | |||
Accumulated Depreciation | 472,000 | |||
NBV | $ 1,272,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Primrose Place, 7425 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 310,000 | |||
Buildings and Improvements | 3,242,000 | |||
Costs Capitalized Subsequent to Acquisition | 53,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 310,000 | |||
Buildings and Improvements | 3,295,000 | |||
Total | 3,605,000 | |||
Accumulated Depreciation | 912,000 | |||
NBV | $ 2,693,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Primrose Rapid City, 7426 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 8,722,000 | |||
Costs Capitalized Subsequent to Acquisition | 88,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 8,810,000 | |||
Total | 9,670,000 | |||
Accumulated Depreciation | 2,446,000 | |||
NBV | $ 7,224,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Primrose Sioux Falls, 7427 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,180,000 | |||
Buildings and Improvements | 12,936,000 | |||
Costs Capitalized Subsequent to Acquisition | 315,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,180,000 | |||
Buildings and Improvements | 13,251,000 | |||
Total | 15,431,000 | |||
Accumulated Depreciation | 3,731,000 | |||
NBV | $ 11,700,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Bristol, 1706 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 16,006,000 | |||
Costs Capitalized Subsequent to Acquisition | 411,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 470,000 | |||
Buildings and Improvements | 16,417,000 | |||
Total | 16,887,000 | |||
Accumulated Depreciation | 4,014,000 | |||
NBV | $ 12,873,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Hamilton Place, 3804 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 87,000 | |||
Buildings and Improvements | 4,248,000 | |||
Costs Capitalized Subsequent to Acquisition | 494,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 87,000 | |||
Buildings and Improvements | 4,742,000 | |||
Total | 4,829,000 | |||
Accumulated Depreciation | 1,763,000 | |||
NBV | $ 3,066,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Shallowford, 3875 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 580,000 | |||
Buildings and Improvements | 7,568,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,070,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 585,000 | |||
Buildings and Improvements | 8,633,000 | |||
Total | 9,218,000 | |||
Accumulated Depreciation | 2,781,000 | |||
NBV | $ 6,437,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft Of Hendersonville, 3901 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 600,000 | |||
Buildings and Improvements | 5,304,000 | |||
Costs Capitalized Subsequent to Acquisition | 836,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 600,000 | |||
Buildings and Improvements | 6,140,000 | |||
Total | 6,740,000 | |||
Accumulated Depreciation | 1,054,000 | |||
NBV | $ 5,686,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Regency House, 7634 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 6,611,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 6,611,000 | |||
Total | 6,751,000 | |||
Accumulated Depreciation | 1,764,000 | |||
NBV | $ 4,987,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft Of Jackson, 3906 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 768,000 | |||
Buildings and Improvements | 16,840,000 | |||
Costs Capitalized Subsequent to Acquisition | 885,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 786,000 | |||
Buildings and Improvements | 17,707,000 | |||
Total | 18,493,000 | |||
Accumulated Depreciation | 3,027,000 | |||
NBV | $ 15,466,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft Johnson City, 1710 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 10,043,000 | |||
Costs Capitalized Subsequent to Acquisition | 372,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 601,000 | |||
Buildings and Improvements | 10,404,000 | |||
Total | 11,005,000 | |||
Accumulated Depreciation | 2,552,000 | |||
NBV | $ 8,453,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Kingsport, 3819 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 22,000 | |||
Buildings and Improvements | 7,815,000 | |||
Costs Capitalized Subsequent to Acquisition | 571,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 22,000 | |||
Buildings and Improvements | 8,386,000 | |||
Total | 8,408,000 | |||
Accumulated Depreciation | 3,117,000 | |||
NBV | $ 5,291,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Arbor Terrace of Knoxville [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 15,862,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,009,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 590,000 | |||
Buildings and Improvements | 16,871,000 | |||
Total | 17,461,000 | |||
Accumulated Depreciation | 3,176,000 | |||
NBV | $ 14,285,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of West Knoxville, 3862 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 439,000 | |||
Buildings and Improvements | 10,697,000 | |||
Costs Capitalized Subsequent to Acquisition | 862,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 456,000 | |||
Buildings and Improvements | 11,542,000 | |||
Total | 11,998,000 | |||
Accumulated Depreciation | 4,321,000 | |||
NBV | $ 7,677,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft Of Halls, 3904 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 387,000 | |||
Buildings and Improvements | 4,948,000 | |||
Costs Capitalized Subsequent to Acquisition | 506,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 387,000 | |||
Buildings and Improvements | 5,454,000 | |||
Total | 5,841,000 | |||
Accumulated Depreciation | 958,000 | |||
NBV | $ 4,883,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Lebanon, 3863 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 180,000 | |||
Buildings and Improvements | 7,086,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,098,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 200,000 | |||
Buildings and Improvements | 8,164,000 | |||
Total | 8,364,000 | |||
Accumulated Depreciation | 3,077,000 | |||
NBV | $ 5,287,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Bartlett, 3868 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 570,000 | |||
Buildings and Improvements | 25,552,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,073,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 570,000 | |||
Buildings and Improvements | 26,625,000 | |||
Total | 27,195,000 | |||
Accumulated Depreciation | 7,054,000 | |||
NBV | $ 20,141,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Kennington Place, 7630 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,820,000 | |||
Buildings and Improvements | 4,748,000 | |||
Costs Capitalized Subsequent to Acquisition | 815,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,820,000 | |||
Buildings and Improvements | 5,563,000 | |||
Total | 7,383,000 | |||
Accumulated Depreciation | 2,467,000 | |||
NBV | $ 4,916,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | The Glenmary, 7633 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 510,000 | |||
Buildings and Improvements | 5,860,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,124,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 510,000 | |||
Buildings and Improvements | 8,984,000 | |||
Total | 9,494,000 | |||
Accumulated Depreciation | 2,624,000 | |||
NBV | $ 6,870,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Murfreesboro, 1705 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 940,000 | |||
Buildings and Improvements | 8,030,000 | |||
Costs Capitalized Subsequent to Acquisition | 228,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 940,000 | |||
Buildings and Improvements | 8,258,000 | |||
Total | 9,198,000 | |||
Accumulated Depreciation | 2,044,000 | |||
NBV | $ 7,154,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Brentwood, 3871 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 960,000 | |||
Buildings and Improvements | 22,020,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,807,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 973,000 | |||
Buildings and Improvements | 23,814,000 | |||
Total | 24,787,000 | |||
Accumulated Depreciation | 6,449,000 | |||
NBV | $ 18,338,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Arlington, 3899 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,650,000 | |||
Buildings and Improvements | 14,060,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,038,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,654,000 | |||
Buildings and Improvements | 15,094,000 | |||
Total | 17,748,000 | |||
Accumulated Depreciation | 4,406,000 | |||
NBV | $ 13,342,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Meadowbrook Memory Care Community, 7309 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 755,000 | |||
Buildings and Improvements | 4,677,000 | |||
Costs Capitalized Subsequent to Acquisition | 940,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 755,000 | |||
Buildings and Improvements | 5,617,000 | |||
Total | 6,372,000 | |||
Accumulated Depreciation | 1,250,000 | |||
NBV | $ 5,122,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Austin, 3867 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,770,000 | |||
Buildings and Improvements | 25,820,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,274,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,770,000 | |||
Buildings and Improvements | 27,094,000 | |||
Total | 29,864,000 | |||
Accumulated Depreciation | 7,345,000 | |||
NBV | $ 22,519,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Bedford, 3869 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 770,000 | |||
Buildings and Improvements | 19,691,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,554,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 770,000 | |||
Buildings and Improvements | 21,245,000 | |||
Total | 22,015,000 | |||
Accumulated Depreciation | 5,885,000 | |||
NBV | $ 16,130,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Highland Estates, 1422 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,679,000 | |||
Buildings and Improvements | 28,943,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,679,000 | |||
Buildings and Improvements | 28,943,000 | |||
Total | 30,622,000 | |||
Accumulated Depreciation | 5,888,000 | |||
NBV | $ 24,734,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7484, Flower Mound | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 900,000 | |||
Buildings and Improvements | 5,512,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 900,000 | |||
Buildings and Improvements | 5,512,000 | |||
Total | 6,412,000 | |||
Accumulated Depreciation | 1,499,000 | |||
NBV | $ 4,913,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1802, Arbor House Granbury | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 390,000 | |||
Buildings and Improvements | 8,186,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 390,000 | |||
Buildings and Improvements | 8,186,000 | |||
Total | 8,576,000 | |||
Accumulated Depreciation | 1,834,000 | |||
NBV | $ 6,742,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1423, Copperfield Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,216,000 | |||
Buildings and Improvements | 21,135,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,216,000 | |||
Buildings and Improvements | 21,135,000 | |||
Total | 22,351,000 | |||
Accumulated Depreciation | 4,299,000 | |||
NBV | $ 18,052,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3870, Elmcroft of Braeswood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,970,000 | |||
Buildings and Improvements | 15,919,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,417,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,970,000 | |||
Buildings and Improvements | 17,336,000 | |||
Total | 21,306,000 | |||
Accumulated Depreciation | 4,942,000 | |||
NBV | $ 16,364,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3877, Elmcroft of Cy-Fair | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,580,000 | |||
Buildings and Improvements | 21,801,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,358,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,593,000 | |||
Buildings and Improvements | 23,146,000 | |||
Total | 24,739,000 | |||
Accumulated Depreciation | 6,213,000 | |||
NBV | $ 18,526,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3610, Whitley Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 5,100,000 | |||
Costs Capitalized Subsequent to Acquisition | 773,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 5,873,000 | |||
Total | 5,873,000 | |||
Accumulated Depreciation | 1,902,000 | |||
NBV | $ 3,971,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3884, Elmcroft of Lake Jackson | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 710,000 | |||
Buildings and Improvements | 14,765,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,209,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 710,000 | |||
Buildings and Improvements | 15,974,000 | |||
Total | 16,684,000 | |||
Accumulated Depreciation | 4,462,000 | |||
NBV | $ 12,222,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1421, Polo Park Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 765,000 | |||
Buildings and Improvements | 29,447,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 765,000 | |||
Buildings and Improvements | 29,447,000 | |||
Total | 30,212,000 | |||
Accumulated Depreciation | 5,969,000 | |||
NBV | $ 24,243,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7311, Arbor Hills Memory Care Community | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,014,000 | |||
Buildings and Improvements | 5,719,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,014,000 | |||
Buildings and Improvements | 5,719,000 | |||
Total | 6,733,000 | |||
Accumulated Depreciation | 1,206,000 | |||
NBV | $ 5,527,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1807, Arbor House of Rockwall | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,537,000 | |||
Buildings and Improvements | 12,883,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,537,000 | |||
Buildings and Improvements | 12,883,000 | |||
Total | 14,420,000 | |||
Accumulated Depreciation | 2,908,000 | |||
NBV | $ 11,512,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3897, Elmcroft of Windcrest | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 920,000 | |||
Buildings and Improvements | 13,011,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,058,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 925,000 | |||
Buildings and Improvements | 14,064,000 | |||
Total | 14,989,000 | |||
Accumulated Depreciation | 4,144,000 | |||
NBV | $ 10,845,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1420, Paradise Springs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,488,000 | |||
Buildings and Improvements | 24,556,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,488,000 | |||
Buildings and Improvements | 24,556,000 | |||
Total | 26,044,000 | |||
Accumulated Depreciation | 4,997,000 | |||
NBV | $ 21,047,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1800, Arbor House of Temple | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 473,000 | |||
Buildings and Improvements | 6,750,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 473,000 | |||
Buildings and Improvements | 6,750,000 | |||
Total | 7,223,000 | |||
Accumulated Depreciation | 1,516,000 | |||
NBV | $ 5,707,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3876, Elmcroft of Cottonwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 17,515,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,005,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 630,000 | |||
Buildings and Improvements | 18,520,000 | |||
Total | 19,150,000 | |||
Accumulated Depreciation | 5,101,000 | |||
NBV | $ 14,049,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3886, Elmcroft of Mainland | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 520,000 | |||
Buildings and Improvements | 14,849,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,273,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 523,000 | |||
Buildings and Improvements | 16,119,000 | |||
Total | 16,642,000 | |||
Accumulated Depreciation | 4,533,000 | |||
NBV | $ 12,109,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3895, Elmcroft of Victoria | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 440,000 | |||
Buildings and Improvements | 13,040,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,182,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 446,000 | |||
Buildings and Improvements | 14,216,000 | |||
Total | 14,662,000 | |||
Accumulated Depreciation | 3,996,000 | |||
NBV | $ 10,666,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1808, Arbor House of Weatherford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 3,347,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 233,000 | |||
Buildings and Improvements | 3,347,000 | |||
Total | 3,580,000 | |||
Accumulated Depreciation | 752,000 | |||
NBV | $ 2,828,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3872, Elmcroft of Wharton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 13,799,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,011,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 14,810,000 | |||
Total | 15,130,000 | |||
Accumulated Depreciation | 4,340,000 | |||
NBV | $ 10,790,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 2247, Mountain Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,243,000 | |||
Buildings and Improvements | 24,659,000 | |||
Costs Capitalized Subsequent to Acquisition | 99,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,243,000 | |||
Buildings and Improvements | 24,758,000 | |||
Total | 26,001,000 | |||
Accumulated Depreciation | 4,140,000 | |||
NBV | $ 21,861,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3865, Elmcroft of Chesterfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 829,000 | |||
Buildings and Improvements | 6,534,000 | |||
Costs Capitalized Subsequent to Acquisition | 556,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 836,000 | |||
Buildings and Improvements | 7,083,000 | |||
Total | 7,919,000 | |||
Accumulated Depreciation | 2,639,000 | |||
NBV | $ 5,280,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7012, Pheasant Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,813,000 | |||
Buildings and Improvements | 9,027,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,813,000 | |||
Buildings and Improvements | 9,027,000 | |||
Total | 10,840,000 | |||
Accumulated Depreciation | 2,130,000 | |||
NBV | $ 8,710,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7016, Cascade Valley Senior Living | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,413,000 | |||
Buildings and Improvements | 6,294,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,413,000 | |||
Buildings and Improvements | 6,294,000 | |||
Total | 7,707,000 | |||
Accumulated Depreciation | 1,059,000 | |||
NBV | $ 6,648,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1310, Bellingham at Orchard | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,383,000 | |||
Buildings and Improvements | 17,553,000 | |||
Costs Capitalized Subsequent to Acquisition | (10,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,381,000 | |||
Buildings and Improvements | 17,545,000 | |||
Total | 20,926,000 | |||
Accumulated Depreciation | 2,684,000 | |||
NBV | $ 18,242,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1308, Bay Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,114,000 | |||
Buildings and Improvements | 21,006,000 | |||
Costs Capitalized Subsequent to Acquisition | (23,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,114,000 | |||
Buildings and Improvements | 20,983,000 | |||
Total | 23,097,000 | |||
Accumulated Depreciation | 3,160,000 | |||
NBV | $ 19,937,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1309, Edmonds Landing | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,273,000 | |||
Buildings and Improvements | 27,852,000 | |||
Costs Capitalized Subsequent to Acquisition | (188,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,273,000 | |||
Buildings and Improvements | 27,664,000 | |||
Total | 31,937,000 | |||
Accumulated Depreciation | 4,029,000 | |||
NBV | $ 27,908,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1311, Terrace at Beverly Lake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,515,000 | |||
Buildings and Improvements | 12,520,000 | |||
Costs Capitalized Subsequent to Acquisition | 35,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,514,000 | |||
Buildings and Improvements | 12,556,000 | |||
Total | 14,070,000 | |||
Accumulated Depreciation | 1,902,000 | |||
NBV | $ 12,168,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Madison House, 7315 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,291,000 | |||
Buildings and Improvements | 26,787,000 | |||
Costs Capitalized Subsequent to Acquisition | 782,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,351,000 | |||
Buildings and Improvements | 27,509,000 | |||
Total | 31,860,000 | |||
Accumulated Depreciation | 2,596,000 | |||
NBV | $ 29,264,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Delaware Plaza, 7303 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 4,021,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 620,000 | |||
Buildings and Improvements | 5,116,000 | |||
Costs Capitalized Subsequent to Acquisition | 136,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 815,000 | |||
Buildings and Improvements | 5,057,000 | |||
Total | 5,872,000 | |||
Accumulated Depreciation | 582,000 | |||
NBV | $ 5,290,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Canterbury Gardens, 7304 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 5,451,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 13,715,000 | |||
Costs Capitalized Subsequent to Acquisition | 157,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 444,000 | |||
Buildings and Improvements | 13,872,000 | |||
Total | 14,316,000 | |||
Accumulated Depreciation | 1,300,000 | |||
NBV | $ 13,016,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Canterbury Inn, 7305 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 14,568,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,462,000 | |||
Buildings and Improvements | 34,664,000 | |||
Costs Capitalized Subsequent to Acquisition | 837,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,462,000 | |||
Buildings and Improvements | 35,501,000 | |||
Total | 36,963,000 | |||
Accumulated Depreciation | 3,317,000 | |||
NBV | $ 33,646,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Canterbury Park, 7314 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 969,000 | |||
Buildings and Improvements | 30,109,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 969,000 | |||
Buildings and Improvements | 30,109,000 | |||
Total | 31,078,000 | |||
Accumulated Depreciation | 2,836,000 | |||
NBV | $ 28,242,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7025, Bishop Place Senior Living | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,780,000 | |||
Buildings and Improvements | 33,608,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,780,000 | |||
Buildings and Improvements | 33,608,000 | |||
Total | 35,388,000 | |||
Accumulated Depreciation | 5,556,000 | |||
NBV | $ 29,832,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1424, Willow Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,959,000 | |||
Buildings and Improvements | 35,492,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,959,000 | |||
Buildings and Improvements | 35,492,000 | |||
Total | 37,451,000 | |||
Accumulated Depreciation | 7,218,000 | |||
NBV | $ 30,233,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1307, Clearwater Springs | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,269,000 | |||
Buildings and Improvements | 9,840,000 | |||
Costs Capitalized Subsequent to Acquisition | (126,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,269,000 | |||
Buildings and Improvements | 9,714,000 | |||
Total | 10,983,000 | |||
Accumulated Depreciation | 1,599,000 | |||
NBV | $ 9,384,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Cascade Inn, 7302 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 12,378,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,201,000 | |||
Buildings and Improvements | 19,024,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,321,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,527,000 | |||
Buildings and Improvements | 21,019,000 | |||
Total | 24,546,000 | |||
Accumulated Depreciation | 2,263,000 | |||
NBV | $ 22,283,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | The Hampton & Ashley Inn, 7313 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,855,000 | |||
Buildings and Improvements | 21,047,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,855,000 | |||
Buildings and Improvements | 21,047,000 | |||
Total | 22,902,000 | |||
Accumulated Depreciation | 1,974,000 | |||
NBV | $ 20,928,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | The Hampton at Salmon Creek, 7317 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 11,636,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,256,000 | |||
Buildings and Improvements | 21,686,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,256,000 | |||
Buildings and Improvements | 21,686,000 | |||
Total | 22,942,000 | |||
Accumulated Depreciation | 1,852,000 | |||
NBV | $ 21,090,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1711, Outlook Pointe at Teays Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,950,000 | |||
Buildings and Improvements | 14,489,000 | |||
Costs Capitalized Subsequent to Acquisition | 365,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,955,000 | |||
Buildings and Improvements | 14,849,000 | |||
Total | 16,804,000 | |||
Accumulated Depreciation | 3,657,000 | |||
NBV | $ 13,147,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 3820, Elmcroft of Martinsburg | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 248,000 | |||
Buildings and Improvements | 8,320,000 | |||
Costs Capitalized Subsequent to Acquisition | 699,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 248,000 | |||
Buildings and Improvements | 9,019,000 | |||
Total | 9,267,000 | |||
Accumulated Depreciation | 3,315,000 | |||
NBV | $ 5,952,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1611, Matthews of Appleton I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 130,000 | |||
Buildings and Improvements | 1,834,000 | |||
Costs Capitalized Subsequent to Acquisition | (41,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 130,000 | |||
Buildings and Improvements | 1,793,000 | |||
Total | 1,923,000 | |||
Accumulated Depreciation | 527,000 | |||
NBV | $ 1,396,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1612, Matthews of Appleton II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 2,016,000 | |||
Costs Capitalized Subsequent to Acquisition | 301,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 2,317,000 | |||
Total | 2,457,000 | |||
Accumulated Depreciation | 651,000 | |||
NBV | $ 1,806,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7590, Hunters Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 260,000 | |||
Buildings and Improvements | 2,380,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 260,000 | |||
Buildings and Improvements | 2,380,000 | |||
Total | 2,640,000 | |||
Accumulated Depreciation | 667,000 | |||
NBV | $ 1,973,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7033, Harbor House Beloit | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 150,000 | |||
Buildings and Improvements | 4,356,000 | |||
Costs Capitalized Subsequent to Acquisition | 427,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 191,000 | |||
Buildings and Improvements | 4,742,000 | |||
Total | 4,933,000 | |||
Accumulated Depreciation | 1,202,000 | |||
NBV | $ 3,731,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7032, Harbor House Clinton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 290,000 | |||
Buildings and Improvements | 4,390,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 290,000 | |||
Buildings and Improvements | 4,390,000 | |||
Total | 4,680,000 | |||
Accumulated Depreciation | 1,147,000 | |||
NBV | $ 3,533,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7591, Creekside | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 760,000 | |||
Buildings and Improvements | 1,693,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 760,000 | |||
Buildings and Improvements | 1,693,000 | |||
Total | 2,453,000 | |||
Accumulated Depreciation | 509,000 | |||
NBV | $ 1,944,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7035, Harbor House Eau Claire | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 210,000 | |||
Buildings and Improvements | 6,259,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 210,000 | |||
Buildings and Improvements | 6,259,000 | |||
Total | 6,469,000 | |||
Accumulated Depreciation | 1,609,000 | |||
NBV | $ 4,860,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Azura Memory Care of Eau Claire, 7042 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,188,000 | |||
Buildings and Improvements | 6,654,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,188,000 | |||
Buildings and Improvements | 6,654,000 | |||
Total | 7,842,000 | |||
Accumulated Depreciation | 201,000 | |||
NBV | $ 7,641,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7592, Chapel Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 2,372,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 2,372,000 | |||
Total | 2,822,000 | |||
Accumulated Depreciation | 673,000 | |||
NBV | $ 2,149,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1601, Matthews of Milwaukee II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,810,000 | |||
Buildings and Improvements | 943,000 | |||
Costs Capitalized Subsequent to Acquisition | 37,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,820,000 | |||
Buildings and Improvements | 970,000 | |||
Total | 2,790,000 | |||
Accumulated Depreciation | 397,000 | |||
NBV | $ 2,393,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7321, Laurel Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,390,000 | |||
Buildings and Improvements | 43,587,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,130,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,510,000 | |||
Buildings and Improvements | 48,597,000 | |||
Total | 51,107,000 | |||
Accumulated Depreciation | 12,828,000 | |||
NBV | $ 38,279,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7326, Layton Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,490,000 | |||
Buildings and Improvements | 39,201,000 | |||
Costs Capitalized Subsequent to Acquisition | 566,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,480,000 | |||
Buildings and Improvements | 39,777,000 | |||
Total | 43,257,000 | |||
Accumulated Depreciation | 10,562,000 | |||
NBV | $ 32,695,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1600, Matthews of Hartland | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 640,000 | |||
Buildings and Improvements | 1,663,000 | |||
Costs Capitalized Subsequent to Acquisition | 43,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 652,000 | |||
Buildings and Improvements | 1,694,000 | |||
Total | 2,346,000 | |||
Accumulated Depreciation | 601,000 | |||
NBV | $ 1,745,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1606, Matthews of Horicon | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 340,000 | |||
Buildings and Improvements | 3,327,000 | |||
Costs Capitalized Subsequent to Acquisition | (95,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 345,000 | |||
Buildings and Improvements | 3,227,000 | |||
Total | 3,572,000 | |||
Accumulated Depreciation | 1,018,000 | |||
NBV | $ 2,554,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7593, Jefferson | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 2,384,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 330,000 | |||
Buildings and Improvements | 2,384,000 | |||
Total | 2,714,000 | |||
Accumulated Depreciation | 668,000 | |||
NBV | $ 2,046,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7030, Harbor House Kenosha | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 710,000 | |||
Buildings and Improvements | 3,254,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,765,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,165,000 | |||
Buildings and Improvements | 6,564,000 | |||
Total | 7,729,000 | |||
Accumulated Depreciation | 1,656,000 | |||
NBV | $ 6,073,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7039, Harbor House Manitowoc | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 1,520,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 1,520,000 | |||
Total | 1,660,000 | |||
Accumulated Depreciation | 418,000 | |||
NBV | $ 1,242,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7322, The Arboretum | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,640,000 | |||
Buildings and Improvements | 49,083,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,158,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,640,000 | |||
Buildings and Improvements | 51,241,000 | |||
Total | 56,881,000 | |||
Accumulated Depreciation | 14,173,000 | |||
NBV | $ 42,708,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1602, Matthews of Milwaukee I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 935,000 | |||
Costs Capitalized Subsequent to Acquisition | 119,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 1,054,000 | |||
Total | 2,854,000 | |||
Accumulated Depreciation | 416,000 | |||
NBV | $ 2,438,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7327, Hart Park Square | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,900,000 | |||
Buildings and Improvements | 21,628,000 | |||
Costs Capitalized Subsequent to Acquisition | 69,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,900,000 | |||
Buildings and Improvements | 21,697,000 | |||
Total | 23,597,000 | |||
Accumulated Depreciation | 5,749,000 | |||
NBV | $ 17,848,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7034, Harbor House Monroe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 4,964,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 490,000 | |||
Buildings and Improvements | 4,964,000 | |||
Total | 5,454,000 | |||
Accumulated Depreciation | 1,309,000 | |||
NBV | $ 4,145,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1608, Matthews of Neenah | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 710,000 | |||
Buildings and Improvements | 1,157,000 | |||
Costs Capitalized Subsequent to Acquisition | 64,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 713,000 | |||
Buildings and Improvements | 1,218,000 | |||
Total | 1,931,000 | |||
Accumulated Depreciation | 439,000 | |||
NBV | $ 1,492,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1609, Matthews of Neenah II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 720,000 | |||
Buildings and Improvements | 2,339,000 | |||
Costs Capitalized Subsequent to Acquisition | (50,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 720,000 | |||
Buildings and Improvements | 2,289,000 | |||
Total | 3,009,000 | |||
Accumulated Depreciation | 743,000 | |||
NBV | $ 2,266,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1613, Matthews of Irish Road | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 1,036,000 | |||
Costs Capitalized Subsequent to Acquisition | 87,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 320,000 | |||
Buildings and Improvements | 1,123,000 | |||
Total | 1,443,000 | |||
Accumulated Depreciation | 412,000 | |||
NBV | $ 1,031,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1603, Matthews of Oak Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 800,000 | |||
Buildings and Improvements | 2,167,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 812,000 | |||
Buildings and Improvements | 2,153,000 | |||
Total | 2,965,000 | |||
Accumulated Depreciation | 655,000 | |||
NBV | $ 2,310,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Azura Memory Care of Oak Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 733,000 | |||
Buildings and Improvements | 6,248,000 | |||
Costs Capitalized Subsequent to Acquisition | 11,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 733,000 | |||
Buildings and Improvements | 6,259,000 | |||
Total | 6,992,000 | |||
Accumulated Depreciation | 940,000 | |||
NBV | $ 6,052,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7040, Harbor House Oconomowoc | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 400,000 | |||
Buildings and Improvements | 1,596,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,674,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 709,000 | |||
Buildings and Improvements | 5,961,000 | |||
Total | 6,670,000 | |||
Accumulated Depreciation | 1,176,000 | |||
NBV | $ 5,494,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7325, Wilkinson Woods of Oconomowoc | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 12,436,000 | |||
Costs Capitalized Subsequent to Acquisition | 157,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 12,593,000 | |||
Total | 13,693,000 | |||
Accumulated Depreciation | 3,342,000 | |||
NBV | $ 10,351,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7036, Harbor House Oshkosh | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 190,000 | |||
Buildings and Improvements | 949,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 190,000 | |||
Buildings and Improvements | 949,000 | |||
Total | 1,139,000 | |||
Accumulated Depreciation | 319,000 | |||
NBV | $ 820,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1607, Matthews of Pewaukee | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,180,000 | |||
Buildings and Improvements | 4,124,000 | |||
Costs Capitalized Subsequent to Acquisition | 206,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,197,000 | |||
Buildings and Improvements | 4,313,000 | |||
Total | 5,510,000 | |||
Accumulated Depreciation | 1,354,000 | |||
NBV | $ 4,156,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7038, Harbor House Sheboygan | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,060,000 | |||
Buildings and Improvements | 6,208,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,400,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,060,000 | |||
Buildings and Improvements | 7,608,000 | |||
Total | 8,668,000 | |||
Accumulated Depreciation | 1,648,000 | |||
NBV | $ 7,020,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1604, Matthews of St. Francis I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,370,000 | |||
Buildings and Improvements | 1,428,000 | |||
Costs Capitalized Subsequent to Acquisition | (113,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,389,000 | |||
Buildings and Improvements | 1,296,000 | |||
Total | 2,685,000 | |||
Accumulated Depreciation | 457,000 | |||
NBV | $ 2,228,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1605, Matthews of St. Francis II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,370,000 | |||
Buildings and Improvements | 1,666,000 | |||
Costs Capitalized Subsequent to Acquisition | 15,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,377,000 | |||
Buildings and Improvements | 1,674,000 | |||
Total | 3,051,000 | |||
Accumulated Depreciation | 550,000 | |||
NBV | $ 2,501,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7324, Howard Village of St. Francis | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,320,000 | |||
Buildings and Improvements | 17,232,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,320,000 | |||
Buildings and Improvements | 17,232,000 | |||
Total | 19,552,000 | |||
Accumulated Depreciation | 4,649,000 | |||
NBV | $ 14,903,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7031, Harbor House Stoughton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 3,191,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 450,000 | |||
Buildings and Improvements | 3,191,000 | |||
Total | 3,641,000 | |||
Accumulated Depreciation | 896,000 | |||
NBV | $ 2,745,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7320, Oak Hill Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,040,000 | |||
Buildings and Improvements | 40,298,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,040,000 | |||
Buildings and Improvements | 40,298,000 | |||
Total | 42,338,000 | |||
Accumulated Depreciation | 10,726,000 | |||
NBV | $ 31,612,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7037, Harbor House Rib Mountain | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 3,413,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 350,000 | |||
Buildings and Improvements | 3,413,000 | |||
Total | 3,763,000 | |||
Accumulated Depreciation | 909,000 | |||
NBV | $ 2,854,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7323, Library Square | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,160,000 | |||
Buildings and Improvements | 23,714,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,160,000 | |||
Buildings and Improvements | 23,714,000 | |||
Total | 24,874,000 | |||
Accumulated Depreciation | 6,240,000 | |||
NBV | $ 18,634,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1610, Matthews of Wrightstown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 376,000 | |||
Costs Capitalized Subsequent to Acquisition | 12,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 140,000 | |||
Buildings and Improvements | 388,000 | |||
Total | 528,000 | |||
Accumulated Depreciation | 182,000 | |||
NBV | $ 346,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7487, Garden Square Assisted Living of Casper | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 355,000 | |||
Buildings and Improvements | 3,197,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 355,000 | |||
Buildings and Improvements | 3,197,000 | |||
Total | 3,552,000 | |||
Accumulated Depreciation | 814,000 | |||
NBV | $ 2,738,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 1425, Whispering Chase | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 20,354,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,800,000 | |||
Buildings and Improvements | 20,354,000 | |||
Total | 22,154,000 | |||
Accumulated Depreciation | 4,156,000 | |||
NBV | $ 17,998,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | 7675, Ashridge Court | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,274,000 | |||
Buildings and Improvements | 4,791,000 | |||
Costs Capitalized Subsequent to Acquisition | (705,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,047,000 | |||
Buildings and Improvements | 4,313,000 | |||
Total | 6,360,000 | |||
Accumulated Depreciation | 837,000 | |||
NBV | $ 5,523,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7677, Inglewood Nursing Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,908,000 | |||
Buildings and Improvements | 3,021,000 | |||
Costs Capitalized Subsequent to Acquisition | (491,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,718,000 | |||
Buildings and Improvements | 2,720,000 | |||
Total | 4,438,000 | |||
Accumulated Depreciation | 608,000 | |||
NBV | $ 3,830,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7678, Pentlow Nursing Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,964,000 | |||
Buildings and Improvements | 2,462,000 | |||
Costs Capitalized Subsequent to Acquisition | (441,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,768,000 | |||
Buildings and Improvements | 2,217,000 | |||
Total | 3,985,000 | |||
Accumulated Depreciation | 526,000 | |||
NBV | $ 3,459,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7682, Willows Care Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,695,000 | |||
Buildings and Improvements | 6,983,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,164,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,227,000 | |||
Buildings and Improvements | 6,287,000 | |||
Total | 10,514,000 | |||
Accumulated Depreciation | 1,119,000 | |||
NBV | $ 9,395,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7680, Cedars Care Home Essex | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,649,000 | |||
Buildings and Improvements | 4,925,000 | |||
Costs Capitalized Subsequent to Acquisition | (755,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,385,000 | |||
Buildings and Improvements | 4,434,000 | |||
Total | 6,819,000 | |||
Accumulated Depreciation | 813,000 | |||
NBV | $ 6,006,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7683, Mayflower Care Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,330,000 | |||
Buildings and Improvements | 7,519,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,180,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,899,000 | |||
Buildings and Improvements | 6,770,000 | |||
Total | 10,669,000 | |||
Accumulated Depreciation | 1,228,000 | |||
NBV | $ 9,441,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7681, Maples Care Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,042,000 | |||
Buildings and Improvements | 7,525,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,252,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,540,000 | |||
Buildings and Improvements | 6,775,000 | |||
Total | 11,315,000 | |||
Accumulated Depreciation | 1,217,000 | |||
NBV | $ 10,098,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7676, Barty House Nursing Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,769,000 | |||
Buildings and Improvements | 3,089,000 | |||
Costs Capitalized Subsequent to Acquisition | (683,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,393,000 | |||
Buildings and Improvements | 2,782,000 | |||
Total | 6,175,000 | |||
Accumulated Depreciation | 674,000 | |||
NBV | $ 5,501,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7679, Tunbridge Wells Care Center | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,323,000 | |||
Buildings and Improvements | 5,869,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,016,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,892,000 | |||
Buildings and Improvements | 5,284,000 | |||
Total | 9,176,000 | |||
Accumulated Depreciation | 982,000 | |||
NBV | $ 8,194,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | 7684, Heathlands Care Home | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,398,000 | |||
Buildings and Improvements | 7,967,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,332,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,860,000 | |||
Buildings and Improvements | 7,173,000 | |||
Total | 12,033,000 | |||
Accumulated Depreciation | 1,315,000 | |||
NBV | $ 10,718,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | Hampton Care, 7685 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,119,000 | |||
Buildings and Improvements | 29,021,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,154,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,852,000 | |||
Buildings and Improvements | 27,134,000 | |||
Total | 30,986,000 | |||
Accumulated Depreciation | 2,107,000 | |||
NBV | $ 28,879,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | Parkfield House Nursing Home, 7686 | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,974,000 | |||
Buildings and Improvements | 1,009,000 | |||
Costs Capitalized Subsequent to Acquisition | (194,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,846,000 | |||
Buildings and Improvements | 943,000 | |||
Total | 2,789,000 | |||
Accumulated Depreciation | 93,000 | |||
NBV | $ 2,696,000 | |||
Life on Which Depreciation in Income Statement is Computed | 40 years | |||
Other Third Party | Seniors Housing Communities | Boréa, 4121 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 36,125,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,678,000 | |||
Buildings and Improvements | 56,643,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,678,000 | |||
Buildings and Improvements | 56,643,000 | |||
Total | 59,321,000 | |||
Accumulated Depreciation | 448,000 | |||
NBV | $ 58,873,000 | |||
Life on Which Depreciation in Income Statement is Computed | 57 years | |||
Other Third Party | Seniors Housing Communities | Caléo, 4127 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 38,090,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,009,000 | |||
Buildings and Improvements | 71,056,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,009,000 | |||
Buildings and Improvements | 71,056,000 | |||
Total | 77,065,000 | |||
Accumulated Depreciation | 527,000 | |||
NBV | $ 76,538,000 | |||
Life on Which Depreciation in Income Statement is Computed | 59 years | |||
Other Third Party | Seniors Housing Communities | L'Avantage, 4113 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 20,606,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,771,000 | |||
Buildings and Improvements | 44,920,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,771,000 | |||
Buildings and Improvements | 44,920,000 | |||
Total | 53,691,000 | |||
Accumulated Depreciation | 394,000 | |||
NBV | $ 53,297,000 | |||
Life on Which Depreciation in Income Statement is Computed | 52 years | |||
Other Third Party | Seniors Housing Communities | Sevä, 4126 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 47,744,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,030,000 | |||
Buildings and Improvements | 64,251,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,030,000 | |||
Buildings and Improvements | 64,251,000 | |||
Total | 68,281,000 | |||
Accumulated Depreciation | 475,000 | |||
NBV | $ 67,806,000 | |||
Life on Which Depreciation in Income Statement is Computed | 59 years | |||
Other Third Party | Seniors Housing Communities | L'Initial, 4128 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 36,953,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,720,000 | |||
Buildings and Improvements | 62,928,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,720,000 | |||
Buildings and Improvements | 62,928,000 | |||
Total | 69,648,000 | |||
Accumulated Depreciation | 478,000 | |||
NBV | $ 69,170,000 | |||
Life on Which Depreciation in Income Statement is Computed | 60 years | |||
Other Third Party | Seniors Housing Communities | La Croisée de l'Est, 4111 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,856,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,136,000 | |||
Buildings and Improvements | 40,998,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,136,000 | |||
Buildings and Improvements | 40,998,000 | |||
Total | 42,134,000 | |||
Accumulated Depreciation | 374,000 | |||
NBV | $ 41,760,000 | |||
Life on Which Depreciation in Income Statement is Computed | 50 years | |||
Other Third Party | Seniors Housing Communities | Ambiance, 4104 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 21,657,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,007,000 | |||
Buildings and Improvements | 51,624,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,007,000 | |||
Buildings and Improvements | 51,624,000 | |||
Total | 56,631,000 | |||
Accumulated Depreciation | 470,000 | |||
NBV | $ 56,161,000 | |||
Life on Which Depreciation in Income Statement is Computed | 46 years | |||
Other Third Party | Seniors Housing Communities | Le Savignon, 4117 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 26,429,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,271,000 | |||
Buildings and Improvements | 46,919,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,271,000 | |||
Buildings and Improvements | 46,919,000 | |||
Total | 52,190,000 | |||
Accumulated Depreciation | 390,000 | |||
NBV | $ 51,800,000 | |||
Life on Which Depreciation in Income Statement is Computed | 54 years | |||
Other Third Party | Seniors Housing Communities | Le Cavalier, 4103 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,744,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,892,000 | |||
Buildings and Improvements | 38,926,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,892,000 | |||
Buildings and Improvements | 38,926,000 | |||
Total | 44,818,000 | |||
Accumulated Depreciation | 393,000 | |||
NBV | $ 44,425,000 | |||
Life on Which Depreciation in Income Statement is Computed | 45 years | |||
Other Third Party | Seniors Housing Communities | Quartier Sud, 4119 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 30,213,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,933,000 | |||
Buildings and Improvements | 47,731,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,933,000 | |||
Buildings and Improvements | 47,731,000 | |||
Total | 49,664,000 | |||
Accumulated Depreciation | 374,000 | |||
NBV | $ 49,290,000 | |||
Life on Which Depreciation in Income Statement is Computed | 56 years | |||
Other Third Party | Seniors Housing Communities | Margo, 4130 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 36,653,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,034,000 | |||
Buildings and Improvements | 63,523,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,034,000 | |||
Buildings and Improvements | 63,523,000 | |||
Total | 65,557,000 | |||
Accumulated Depreciation | 472,000 | |||
NBV | $ 65,085,000 | |||
Life on Which Depreciation in Income Statement is Computed | 60 years | |||
Other Third Party | Seniors Housing Communities | Les Promenades du Parc, 4105 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 22,562,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,832,000 | |||
Buildings and Improvements | 47,101,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,832,000 | |||
Buildings and Improvements | 47,101,000 | |||
Total | 52,933,000 | |||
Accumulated Depreciation | 461,000 | |||
NBV | $ 52,472,000 | |||
Life on Which Depreciation in Income Statement is Computed | 47 years | |||
Other Third Party | Seniors Housing Communities | Elogia, 4108 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 27,124,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,808,000 | |||
Buildings and Improvements | 55,175,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,808,000 | |||
Buildings and Improvements | 55,175,000 | |||
Total | 57,983,000 | |||
Accumulated Depreciation | 456,000 | |||
NBV | $ 57,527,000 | |||
Life on Which Depreciation in Income Statement is Computed | 48 years | |||
Other Third Party | Seniors Housing Communities | Les Jardins Millen, 4114 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 28,728,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,325,000 | |||
Buildings and Improvements | 82,121,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,325,000 | |||
Buildings and Improvements | 82,121,000 | |||
Total | 86,446,000 | |||
Accumulated Depreciation | 634,000 | |||
NBV | $ 85,812,000 | |||
Life on Which Depreciation in Income Statement is Computed | 53 years | |||
Other Third Party | Seniors Housing Communities | Le 22, 4120 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 39,428,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,728,000 | |||
Buildings and Improvements | 70,601,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,728,000 | |||
Buildings and Improvements | 70,601,000 | |||
Total | 77,329,000 | |||
Accumulated Depreciation | 540,000 | |||
NBV | $ 76,789,000 | |||
Life on Which Depreciation in Income Statement is Computed | 57 years | |||
Other Third Party | Seniors Housing Communities | Station Est, 4125 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 44,471,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,660,000 | |||
Buildings and Improvements | 59,110,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,660,000 | |||
Buildings and Improvements | 59,110,000 | |||
Total | 63,770,000 | |||
Accumulated Depreciation | 469,000 | |||
NBV | $ 63,301,000 | |||
Life on Which Depreciation in Income Statement is Computed | 58 years | |||
Other Third Party | Seniors Housing Communities | Ora, 4129 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 50,995,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 10,282,000 | |||
Buildings and Improvements | 82,095,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 10,282,000 | |||
Buildings and Improvements | 82,095,000 | |||
Total | 92,377,000 | |||
Accumulated Depreciation | 575,000 | |||
NBV | $ 91,802,000 | |||
Life on Which Depreciation in Income Statement is Computed | 60 years | |||
Other Third Party | Seniors Housing Communities | Elogia II, 4133 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 13,279,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,519,000 | |||
Buildings and Improvements | 25,244,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,519,000 | |||
Buildings and Improvements | 25,244,000 | |||
Total | 27,763,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 27,763,000 | |||
Other Third Party | Seniors Housing Communities | Le Quartier Mont-St-Hilaire, 4110 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 14,649,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 32,554,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 32,554,000 | |||
Total | 33,574,000 | |||
Accumulated Depreciation | 311,000 | |||
NBV | $ 33,263,000 | |||
Life on Which Depreciation in Income Statement is Computed | 49 years | |||
Other Third Party | Seniors Housing Communities | L'Image d'Outremont, 4109 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 16,424,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,565,000 | |||
Buildings and Improvements | 32,030,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,565,000 | |||
Buildings and Improvements | 32,030,000 | |||
Total | 36,595,000 | |||
Accumulated Depreciation | 280,000 | |||
NBV | $ 36,315,000 | |||
Life on Which Depreciation in Income Statement is Computed | 49 years | |||
Other Third Party | Seniors Housing Communities | Le Gibraltar, 4116 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 21,145,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,191,000 | |||
Buildings and Improvements | 42,766,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,191,000 | |||
Buildings and Improvements | 42,766,000 | |||
Total | 43,957,000 | |||
Accumulated Depreciation | 350,000 | |||
NBV | $ 43,607,000 | |||
Life on Which Depreciation in Income Statement is Computed | 54 years | |||
Other Third Party | Seniors Housing Communities | Ekla, 4124 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 53,306,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,256,000 | |||
Buildings and Improvements | 87,772,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,256,000 | |||
Buildings and Improvements | 87,772,000 | |||
Total | 90,028,000 | |||
Accumulated Depreciation | 653,000 | |||
NBV | $ 89,375,000 | |||
Life on Which Depreciation in Income Statement is Computed | 57 years | |||
Other Third Party | Seniors Housing Communities | Le Notre-Dame, 4101 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 14,512,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,290,000 | |||
Buildings and Improvements | 41,474,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,290,000 | |||
Buildings and Improvements | 41,474,000 | |||
Total | 44,764,000 | |||
Accumulated Depreciation | 435,000 | |||
NBV | $ 44,329,000 | |||
Life on Which Depreciation in Income Statement is Computed | 43 years | |||
Other Third Party | Seniors Housing Communities | Vent de l'Ouest, 4107 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 13,023,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,713,000 | |||
Buildings and Improvements | 32,526,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,713,000 | |||
Buildings and Improvements | 32,526,000 | |||
Total | 37,239,000 | |||
Accumulated Depreciation | 334,000 | |||
NBV | $ 36,905,000 | |||
Life on Which Depreciation in Income Statement is Computed | 48 years | |||
Other Third Party | Seniors Housing Communities | Les Verrières du Golf, 4102 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 11,556,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,183,000 | |||
Buildings and Improvements | 44,363,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,183,000 | |||
Buildings and Improvements | 44,363,000 | |||
Total | 49,546,000 | |||
Accumulated Depreciation | 429,000 | |||
NBV | $ 49,117,000 | |||
Life on Which Depreciation in Income Statement is Computed | 44 years | |||
Other Third Party | Seniors Housing Communities | Les Jardins du Campanile, 4106 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 12,196,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 578,000 | |||
Buildings and Improvements | 16,580,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 578,000 | |||
Buildings and Improvements | 16,580,000 | |||
Total | 17,158,000 | |||
Accumulated Depreciation | 202,000 | |||
NBV | $ 16,956,000 | |||
Life on Which Depreciation in Income Statement is Computed | 48 years | |||
Other Third Party | Seniors Housing Communities | VÜ, 4118 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 35,893,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 706,000 | |||
Buildings and Improvements | 58,073,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 706,000 | |||
Buildings and Improvements | 58,073,000 | |||
Total | 58,779,000 | |||
Accumulated Depreciation | 450,000 | |||
NBV | $ 58,329,000 | |||
Life on Which Depreciation in Income Statement is Computed | 56 years | |||
Other Third Party | Seniors Housing Communities | La Cité des Tours, 4115 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 22,328,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,744,000 | |||
Buildings and Improvements | 44,357,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,744,000 | |||
Buildings and Improvements | 44,357,000 | |||
Total | 46,101,000 | |||
Accumulated Depreciation | 395,000 | |||
NBV | $ 45,706,000 | |||
Life on Which Depreciation in Income Statement is Computed | 53 years | |||
Other Third Party | Seniors Housing Communities | IVVI, 4131 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 20,904,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,730,000 | |||
Buildings and Improvements | 41,459,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,730,000 | |||
Buildings and Improvements | 41,459,000 | |||
Total | 46,189,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 46,189,000 | |||
Other Third Party | Seniors Housing Communities | VAST, 4132 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 12,121,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,847,000 | |||
Buildings and Improvements | 30,401,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,847,000 | |||
Buildings and Improvements | 30,401,000 | |||
Total | 34,248,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 34,248,000 | |||
Other Third Party | Seniors Housing Communities | Cornelius, 4134 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,480,000 | |||
Buildings and Improvements | 13,066,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,480,000 | |||
Buildings and Improvements | 13,066,000 | |||
Total | 20,546,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 20,546,000 | |||
Other Third Party | Seniors Housing Communities | Liz, 4135 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 10,665,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 11,534,000 | |||
Buildings and Improvements | 17,335,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 11,534,000 | |||
Buildings and Improvements | 17,335,000 | |||
Total | 28,869,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 28,869,000 | |||
Other Third Party | Seniors Housing Communities | Floréa, 4122 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 42,207,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,275,000 | |||
Buildings and Improvements | 63,246,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,275,000 | |||
Buildings and Improvements | 63,246,000 | |||
Total | 66,521,000 | |||
Accumulated Depreciation | 503,000 | |||
NBV | $ 66,018,000 | |||
Life on Which Depreciation in Income Statement is Computed | 57 years | |||
Other Third Party | Seniors Housing Communities | Le Félix Vaudreuil-Dorion, 4112 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 16,201,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,531,000 | |||
Buildings and Improvements | 34,624,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,531,000 | |||
Buildings and Improvements | 34,624,000 | |||
Total | 42,155,000 | |||
Accumulated Depreciation | 332,000 | |||
NBV | $ 41,823,000 | |||
Life on Which Depreciation in Income Statement is Computed | 51 years | |||
Other Third Party | Seniors Housing Communities | Skyline Place Senior Living, 7023 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,815,000 | |||
Buildings and Improvements | 28,472,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,815,000 | |||
Buildings and Improvements | 28,472,000 | |||
Total | 30,287,000 | |||
Accumulated Depreciation | 4,788,000 | |||
NBV | $ 25,499,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Other Third Party | Seniors Housing Communities | Elmcroft of Rivershire, 3893 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 32,671,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,163,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 860,000 | |||
Buildings and Improvements | 33,834,000 | |||
Total | 34,694,000 | |||
Accumulated Depreciation | 9,074,000 | |||
NBV | $ 25,620,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 245,515,000 | |||
Buildings and Improvements | 2,532,176,000 | |||
Costs Capitalized Subsequent to Acquisition | 150,643,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 249,229,000 | |||
Buildings and Improvements | 2,679,105,000 | |||
Total | 2,928,334,000 | |||
Accumulated Depreciation | 987,778,000 | |||
NBV | 1,940,556,000 | |||
Sunrise | Seniors Housing Communities | 4081, Sunrise of Chandler | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,344,000 | |||
Buildings and Improvements | 14,455,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,293,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,459,000 | |||
Buildings and Improvements | 15,633,000 | |||
Total | 20,092,000 | |||
Accumulated Depreciation | 4,200,000 | |||
NBV | $ 15,892,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4064, Sunrise of Scottsdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,229,000 | |||
Buildings and Improvements | 27,575,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,046,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,255,000 | |||
Buildings and Improvements | 28,595,000 | |||
Total | 30,850,000 | |||
Accumulated Depreciation | 10,733,000 | |||
NBV | $ 20,117,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4092, Sunrise of River Road | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,971,000 | |||
Buildings and Improvements | 12,399,000 | |||
Costs Capitalized Subsequent to Acquisition | 806,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,000,000 | |||
Buildings and Improvements | 13,176,000 | |||
Total | 16,176,000 | |||
Accumulated Depreciation | 3,327,000 | |||
NBV | $ 12,849,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4023, Sunrise at La Costa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,890,000 | |||
Buildings and Improvements | 20,590,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,970,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,030,000 | |||
Buildings and Improvements | 22,420,000 | |||
Total | 27,450,000 | |||
Accumulated Depreciation | 8,896,000 | |||
NBV | $ 18,554,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4086, Sunrise of Carmichael | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,269,000 | |||
Buildings and Improvements | 14,598,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,065,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,291,000 | |||
Buildings and Improvements | 15,641,000 | |||
Total | 16,932,000 | |||
Accumulated Depreciation | 3,971,000 | |||
NBV | $ 12,961,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4055, Sunrise of Fair Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,456,000 | |||
Buildings and Improvements | 23,679,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,730,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,515,000 | |||
Buildings and Improvements | 25,350,000 | |||
Total | 27,865,000 | |||
Accumulated Depreciation | 9,708,000 | |||
NBV | $ 18,157,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4045, Sunrise of Mission Viejo | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,802,000 | |||
Buildings and Improvements | 24,560,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,158,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,889,000 | |||
Buildings and Improvements | 26,631,000 | |||
Total | 30,520,000 | |||
Accumulated Depreciation | 10,243,000 | |||
NBV | $ 20,277,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4043, Sunrise at Canyon Crest | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,486,000 | |||
Buildings and Improvements | 19,658,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,479,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,745,000 | |||
Buildings and Improvements | 21,878,000 | |||
Total | 27,623,000 | |||
Accumulated Depreciation | 8,608,000 | |||
NBV | $ 19,015,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4066, Sunrise of Rocklin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,378,000 | |||
Buildings and Improvements | 23,565,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,817,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,525,000 | |||
Buildings and Improvements | 25,235,000 | |||
Total | 26,760,000 | |||
Accumulated Depreciation | 9,543,000 | |||
NBV | $ 17,217,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4035, Sunrise of San Mateo | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,682,000 | |||
Buildings and Improvements | 35,335,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,325,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,742,000 | |||
Buildings and Improvements | 38,600,000 | |||
Total | 41,342,000 | |||
Accumulated Depreciation | 14,225,000 | |||
NBV | $ 27,117,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4012, Sunrise of Sunnyvale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,933,000 | |||
Buildings and Improvements | 34,361,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,224,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,969,000 | |||
Buildings and Improvements | 36,549,000 | |||
Total | 39,518,000 | |||
Accumulated Depreciation | 13,567,000 | |||
NBV | $ 25,951,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4050, Sunrise at Sterling Canyon | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,868,000 | |||
Buildings and Improvements | 29,293,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,046,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,084,000 | |||
Buildings and Improvements | 34,123,000 | |||
Total | 38,207,000 | |||
Accumulated Depreciation | 14,006,000 | |||
NBV | $ 24,201,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4016, Sunrise of Westlake Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,935,000 | |||
Buildings and Improvements | 30,722,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,142,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,031,000 | |||
Buildings and Improvements | 32,768,000 | |||
Total | 37,799,000 | |||
Accumulated Depreciation | 12,266,000 | |||
NBV | $ 25,533,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4018, Sunrise at Yorba Linda | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,689,000 | |||
Buildings and Improvements | 25,240,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,591,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,780,000 | |||
Buildings and Improvements | 27,740,000 | |||
Total | 29,520,000 | |||
Accumulated Depreciation | 10,522,000 | |||
NBV | $ 18,998,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4009, Sunrise at Cherry Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,621,000 | |||
Buildings and Improvements | 28,370,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,585,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,721,000 | |||
Buildings and Improvements | 31,855,000 | |||
Total | 33,576,000 | |||
Accumulated Depreciation | 11,626,000 | |||
NBV | $ 21,950,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4030, Sunrise at Pinehurst | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,417,000 | |||
Buildings and Improvements | 30,885,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,123,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,653,000 | |||
Buildings and Improvements | 32,772,000 | |||
Total | 34,425,000 | |||
Accumulated Depreciation | 12,833,000 | |||
NBV | $ 21,592,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4059, Sunrise at Orchard | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,813,000 | |||
Buildings and Improvements | 22,183,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,296,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,853,000 | |||
Buildings and Improvements | 25,439,000 | |||
Total | 27,292,000 | |||
Accumulated Depreciation | 9,441,000 | |||
NBV | $ 17,851,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4061, Sunrise of Westminster | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,649,000 | |||
Buildings and Improvements | 16,243,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,280,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,847,000 | |||
Buildings and Improvements | 18,325,000 | |||
Total | 21,172,000 | |||
Accumulated Depreciation | 7,266,000 | |||
NBV | $ 13,906,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4028, Sunrise of Stamford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,612,000 | |||
Buildings and Improvements | 28,533,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,330,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,029,000 | |||
Buildings and Improvements | 31,446,000 | |||
Total | 36,475,000 | |||
Accumulated Depreciation | 12,098,000 | |||
NBV | $ 24,377,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4094, Sunrise of Jacksonville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,390,000 | |||
Buildings and Improvements | 17,671,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,306,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,420,000 | |||
Buildings and Improvements | 18,947,000 | |||
Total | 21,367,000 | |||
Accumulated Depreciation | 4,630,000 | |||
NBV | $ 16,737,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4058, Sunrise of Ivey Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,507,000 | |||
Buildings and Improvements | 18,516,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,498,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,517,000 | |||
Buildings and Improvements | 20,004,000 | |||
Total | 21,521,000 | |||
Accumulated Depreciation | 7,873,000 | |||
NBV | $ 13,648,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4056, Sunrise of Huntcliff I | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,232,000 | |||
Buildings and Improvements | 66,161,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,554,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,201,000 | |||
Buildings and Improvements | 85,746,000 | |||
Total | 89,947,000 | |||
Accumulated Depreciation | 36,411,000 | |||
NBV | $ 53,536,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4057, Sunrise of Huntcliff II | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,154,000 | |||
Buildings and Improvements | 17,137,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,279,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,160,000 | |||
Buildings and Improvements | 20,410,000 | |||
Total | 22,570,000 | |||
Accumulated Depreciation | 7,772,000 | |||
NBV | $ 14,798,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4053, Sunrise at East Cobb | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,797,000 | |||
Buildings and Improvements | 23,420,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,441,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,806,000 | |||
Buildings and Improvements | 24,852,000 | |||
Total | 26,658,000 | |||
Accumulated Depreciation | 9,729,000 | |||
NBV | $ 16,929,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4079, Sunrise of Barrington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 859,000 | |||
Buildings and Improvements | 15,085,000 | |||
Costs Capitalized Subsequent to Acquisition | 846,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 892,000 | |||
Buildings and Improvements | 15,898,000 | |||
Total | 16,790,000 | |||
Accumulated Depreciation | 4,117,000 | |||
NBV | $ 12,673,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4040, Sunrise of Bloomingdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,287,000 | |||
Buildings and Improvements | 38,625,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,261,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,382,000 | |||
Buildings and Improvements | 40,791,000 | |||
Total | 42,173,000 | |||
Accumulated Depreciation | 15,561,000 | |||
NBV | $ 26,612,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4042, Sunrise of Buffalo Grove | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,154,000 | |||
Buildings and Improvements | 28,021,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,760,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,339,000 | |||
Buildings and Improvements | 29,596,000 | |||
Total | 31,935,000 | |||
Accumulated Depreciation | 11,418,000 | |||
NBV | $ 20,517,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4015, Sunrise of Lincoln Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,485,000 | |||
Buildings and Improvements | 26,687,000 | |||
Costs Capitalized Subsequent to Acquisition | 4,312,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,504,000 | |||
Buildings and Improvements | 30,980,000 | |||
Total | 34,484,000 | |||
Accumulated Depreciation | 10,887,000 | |||
NBV | $ 23,597,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4024, Sunrise of Naperville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,946,000 | |||
Buildings and Improvements | 28,538,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,605,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,624,000 | |||
Buildings and Improvements | 30,465,000 | |||
Total | 33,089,000 | |||
Accumulated Depreciation | 12,100,000 | |||
NBV | $ 20,989,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4060, Sunrise of Palos Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,363,000 | |||
Buildings and Improvements | 42,205,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,357,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,416,000 | |||
Buildings and Improvements | 43,509,000 | |||
Total | 45,925,000 | |||
Accumulated Depreciation | 16,551,000 | |||
NBV | $ 29,374,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4014, Sunrise of Park Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,533,000 | |||
Buildings and Improvements | 39,557,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,176,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,707,000 | |||
Buildings and Improvements | 42,559,000 | |||
Total | 48,266,000 | |||
Accumulated Depreciation | 16,285,000 | |||
NBV | $ 31,981,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4036, Sunrise of Willowbrook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,454,000 | |||
Buildings and Improvements | 60,738,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,781,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,080,000 | |||
Buildings and Improvements | 63,893,000 | |||
Total | 65,973,000 | |||
Accumulated Depreciation | 22,545,000 | |||
NBV | $ 43,428,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4088, Sunrise of Old Meridian | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,550,000 | |||
Buildings and Improvements | 31,746,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,391,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,581,000 | |||
Buildings and Improvements | 33,106,000 | |||
Total | 41,687,000 | |||
Accumulated Depreciation | 8,389,000 | |||
NBV | $ 33,298,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4089, Sunrise of Leawood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 651,000 | |||
Buildings and Improvements | 16,401,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,340,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 878,000 | |||
Buildings and Improvements | 17,514,000 | |||
Total | 18,392,000 | |||
Accumulated Depreciation | 4,365,000 | |||
NBV | $ 14,027,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4090, Sunrise of Overland Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 650,000 | |||
Buildings and Improvements | 11,015,000 | |||
Costs Capitalized Subsequent to Acquisition | 848,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 807,000 | |||
Buildings and Improvements | 11,706,000 | |||
Total | 12,513,000 | |||
Accumulated Depreciation | 3,187,000 | |||
NBV | $ 9,326,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4052, Sunrise of Baton Rouge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,212,000 | |||
Buildings and Improvements | 23,547,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,045,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,382,000 | |||
Buildings and Improvements | 25,422,000 | |||
Total | 26,804,000 | |||
Accumulated Depreciation | 9,698,000 | |||
NBV | $ 17,106,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4033, Sunrise of Columbia | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,780,000 | |||
Buildings and Improvements | 23,083,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,863,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,918,000 | |||
Buildings and Improvements | 26,808,000 | |||
Total | 28,726,000 | |||
Accumulated Depreciation | 10,393,000 | |||
NBV | $ 18,333,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4034, Sunrise of Rockville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,039,000 | |||
Buildings and Improvements | 39,216,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,917,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,075,000 | |||
Buildings and Improvements | 42,097,000 | |||
Total | 43,172,000 | |||
Accumulated Depreciation | 15,758,000 | |||
NBV | $ 27,414,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4051, Sunrise of Arlington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 86,000 | |||
Buildings and Improvements | 34,393,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,553,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 107,000 | |||
Buildings and Improvements | 35,925,000 | |||
Total | 36,032,000 | |||
Accumulated Depreciation | 13,668,000 | |||
NBV | $ 22,364,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4032, Sunrise of Norwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,230,000 | |||
Buildings and Improvements | 30,968,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,326,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,356,000 | |||
Buildings and Improvements | 33,168,000 | |||
Total | 35,524,000 | |||
Accumulated Depreciation | 12,608,000 | |||
NBV | $ 22,916,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4038, Sunrise of Bloomfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,736,000 | |||
Buildings and Improvements | 27,657,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,370,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,929,000 | |||
Buildings and Improvements | 29,834,000 | |||
Total | 33,763,000 | |||
Accumulated Depreciation | 11,247,000 | |||
NBV | $ 22,516,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4091, Sunrise of Cascade | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,273,000 | |||
Buildings and Improvements | 21,782,000 | |||
Costs Capitalized Subsequent to Acquisition | 873,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,370,000 | |||
Buildings and Improvements | 22,558,000 | |||
Total | 23,928,000 | |||
Accumulated Depreciation | 5,657,000 | |||
NBV | $ 18,271,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4046, Sunrise of Northville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,445,000 | |||
Buildings and Improvements | 26,090,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,903,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,525,000 | |||
Buildings and Improvements | 27,913,000 | |||
Total | 29,438,000 | |||
Accumulated Depreciation | 10,680,000 | |||
NBV | $ 18,758,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4048, Sunrise of Rochester | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,774,000 | |||
Buildings and Improvements | 38,666,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,898,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,854,000 | |||
Buildings and Improvements | 40,484,000 | |||
Total | 43,338,000 | |||
Accumulated Depreciation | 15,372,000 | |||
NBV | $ 27,966,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4031, Sunrise of Troy | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,758,000 | |||
Buildings and Improvements | 23,727,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,325,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,860,000 | |||
Buildings and Improvements | 25,950,000 | |||
Total | 27,810,000 | |||
Accumulated Depreciation | 9,504,000 | |||
NBV | $ 18,306,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4054, Sunrise of Edina | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,181,000 | |||
Buildings and Improvements | 24,224,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,752,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,305,000 | |||
Buildings and Improvements | 27,852,000 | |||
Total | 31,157,000 | |||
Accumulated Depreciation | 10,600,000 | |||
NBV | $ 20,557,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4025, Sunrise of East Brunswick | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,784,000 | |||
Buildings and Improvements | 26,173,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,513,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,030,000 | |||
Buildings and Improvements | 28,440,000 | |||
Total | 31,470,000 | |||
Accumulated Depreciation | 11,253,000 | |||
NBV | $ 20,217,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4085, Sunrise of Jackson | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,009,000 | |||
Buildings and Improvements | 15,029,000 | |||
Costs Capitalized Subsequent to Acquisition | 965,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,013,000 | |||
Buildings and Improvements | 15,990,000 | |||
Total | 20,003,000 | |||
Accumulated Depreciation | 4,242,000 | |||
NBV | $ 15,761,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4001, Sunrise of Morris Plains | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,492,000 | |||
Buildings and Improvements | 32,052,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,852,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,601,000 | |||
Buildings and Improvements | 34,795,000 | |||
Total | 36,396,000 | |||
Accumulated Depreciation | 13,226,000 | |||
NBV | $ 23,170,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4002, Sunrise of Old Tappan | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,985,000 | |||
Buildings and Improvements | 36,795,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,284,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,177,000 | |||
Buildings and Improvements | 39,887,000 | |||
Total | 43,064,000 | |||
Accumulated Depreciation | 14,833,000 | |||
NBV | $ 28,231,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4062, Sunrise of Wall | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,053,000 | |||
Buildings and Improvements | 19,101,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,232,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,088,000 | |||
Buildings and Improvements | 21,298,000 | |||
Total | 22,386,000 | |||
Accumulated Depreciation | 8,195,000 | |||
NBV | $ 14,191,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4005, Sunrise of Wayne | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,288,000 | |||
Buildings and Improvements | 24,990,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,399,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,373,000 | |||
Buildings and Improvements | 28,304,000 | |||
Total | 29,677,000 | |||
Accumulated Depreciation | 10,783,000 | |||
NBV | $ 18,894,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4006, Sunrise of Westfield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,057,000 | |||
Buildings and Improvements | 23,803,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,108,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,185,000 | |||
Buildings and Improvements | 26,783,000 | |||
Total | 31,968,000 | |||
Accumulated Depreciation | 10,205,000 | |||
NBV | $ 21,763,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4029, Sunrise of Woodcliff Lake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,493,000 | |||
Buildings and Improvements | 30,801,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,738,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,692,000 | |||
Buildings and Improvements | 33,340,000 | |||
Total | 37,032,000 | |||
Accumulated Depreciation | 12,633,000 | |||
NBV | $ 24,399,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4027, Sunrise of North Lynbrook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,622,000 | |||
Buildings and Improvements | 38,087,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,945,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,700,000 | |||
Buildings and Improvements | 40,954,000 | |||
Total | 45,654,000 | |||
Accumulated Depreciation | 15,709,000 | |||
NBV | $ 29,945,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4044, Sunrise at Fleetwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,381,000 | |||
Buildings and Improvements | 28,434,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,802,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,646,000 | |||
Buildings and Improvements | 30,971,000 | |||
Total | 35,617,000 | |||
Accumulated Depreciation | 12,297,000 | |||
NBV | $ 23,320,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4011, Sunrise of New City | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,906,000 | |||
Buildings and Improvements | 27,323,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,623,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,995,000 | |||
Buildings and Improvements | 29,857,000 | |||
Total | 31,852,000 | |||
Accumulated Depreciation | 11,316,000 | |||
NBV | $ 20,536,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4049, Sunrise of Smithtown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,853,000 | |||
Buildings and Improvements | 25,621,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,346,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,040,000 | |||
Buildings and Improvements | 28,780,000 | |||
Total | 31,820,000 | |||
Accumulated Depreciation | 11,551,000 | |||
NBV | $ 20,269,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4063, Sunrise of Staten Island | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,237,000 | |||
Buildings and Improvements | 23,910,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,628,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,292,000 | |||
Buildings and Improvements | 25,483,000 | |||
Total | 32,775,000 | |||
Accumulated Depreciation | 12,542,000 | |||
NBV | $ 20,233,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4019, Sunrise on Providence | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,976,000 | |||
Buildings and Improvements | 19,472,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,856,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,988,000 | |||
Buildings and Improvements | 22,316,000 | |||
Total | 24,304,000 | |||
Accumulated Depreciation | 8,726,000 | |||
NBV | $ 15,578,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4017, Sunrise at North Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 749,000 | |||
Buildings and Improvements | 37,091,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,448,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 849,000 | |||
Buildings and Improvements | 42,439,000 | |||
Total | 43,288,000 | |||
Accumulated Depreciation | 16,851,000 | |||
NBV | $ 26,437,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4013, Sunrise at Parma | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 695,000 | |||
Buildings and Improvements | 16,641,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,426,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 908,000 | |||
Buildings and Improvements | 17,854,000 | |||
Total | 18,762,000 | |||
Accumulated Depreciation | 7,064,000 | |||
NBV | $ 11,698,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4010, Sunrise of Cuyahoga Falls | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 626,000 | |||
Buildings and Improvements | 10,239,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,061,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 862,000 | |||
Buildings and Improvements | 12,064,000 | |||
Total | 12,926,000 | |||
Accumulated Depreciation | 4,852,000 | |||
NBV | $ 8,074,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4004, Sunrise of Abington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,838,000 | |||
Buildings and Improvements | 53,660,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,417,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,070,000 | |||
Buildings and Improvements | 59,845,000 | |||
Total | 61,915,000 | |||
Accumulated Depreciation | 22,689,000 | |||
NBV | $ 39,226,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4041, Sunrise of Blue Bell | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,765,000 | |||
Buildings and Improvements | 23,920,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,658,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,928,000 | |||
Buildings and Improvements | 27,415,000 | |||
Total | 29,343,000 | |||
Accumulated Depreciation | 10,759,000 | |||
NBV | $ 18,584,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4022, Sunrise of Exton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,123,000 | |||
Buildings and Improvements | 17,765,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,304,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,209,000 | |||
Buildings and Improvements | 19,983,000 | |||
Total | 21,192,000 | |||
Accumulated Depreciation | 7,821,000 | |||
NBV | $ 13,371,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4007, Sunrise of Haverford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 941,000 | |||
Buildings and Improvements | 25,872,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,510,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 990,000 | |||
Buildings and Improvements | 28,333,000 | |||
Total | 29,323,000 | |||
Accumulated Depreciation | 11,004,000 | |||
NBV | $ 18,319,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4003, Sunrise at Granite Run | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,272,000 | |||
Buildings and Improvements | 31,781,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,576,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,428,000 | |||
Buildings and Improvements | 34,201,000 | |||
Total | 35,629,000 | |||
Accumulated Depreciation | 13,112,000 | |||
NBV | $ 22,517,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4087, Sunrise of Lower Makefield | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,165,000 | |||
Buildings and Improvements | 21,337,000 | |||
Costs Capitalized Subsequent to Acquisition | 890,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,174,000 | |||
Buildings and Improvements | 22,218,000 | |||
Total | 25,392,000 | |||
Accumulated Depreciation | 5,775,000 | |||
NBV | $ 19,617,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4020, Sunrise of Westtown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,547,000 | |||
Buildings and Improvements | 22,996,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,041,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,576,000 | |||
Buildings and Improvements | 25,008,000 | |||
Total | 26,584,000 | |||
Accumulated Depreciation | 10,038,000 | |||
NBV | $ 16,546,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4037, Sunrise of Hillcrest | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,616,000 | |||
Buildings and Improvements | 27,680,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,373,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,626,000 | |||
Buildings and Improvements | 29,043,000 | |||
Total | 31,669,000 | |||
Accumulated Depreciation | 11,003,000 | |||
NBV | $ 20,666,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4083, Sunrise of Fort Worth | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,024,000 | |||
Buildings and Improvements | 18,587,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,067,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,178,000 | |||
Buildings and Improvements | 19,500,000 | |||
Total | 21,678,000 | |||
Accumulated Depreciation | 5,146,000 | |||
NBV | $ 16,532,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4093, Sunrise of Frisco | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,523,000 | |||
Buildings and Improvements | 14,547,000 | |||
Costs Capitalized Subsequent to Acquisition | 783,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,561,000 | |||
Buildings and Improvements | 15,292,000 | |||
Total | 17,853,000 | |||
Accumulated Depreciation | 3,703,000 | |||
NBV | $ 14,150,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4082, Sunrise of Cinco Ranch | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,512,000 | |||
Buildings and Improvements | 21,600,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,478,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,580,000 | |||
Buildings and Improvements | 23,010,000 | |||
Total | 25,590,000 | |||
Accumulated Depreciation | 5,929,000 | |||
NBV | $ 19,661,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4084, Sunrise of Holladay | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,542,000 | |||
Buildings and Improvements | 44,771,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,265,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,581,000 | |||
Buildings and Improvements | 45,997,000 | |||
Total | 48,578,000 | |||
Accumulated Depreciation | 11,480,000 | |||
NBV | $ 37,098,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4065, Sunrise of Sandy | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,576,000 | |||
Buildings and Improvements | 22,987,000 | |||
Costs Capitalized Subsequent to Acquisition | 400,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,646,000 | |||
Buildings and Improvements | 23,317,000 | |||
Total | 25,963,000 | |||
Accumulated Depreciation | 8,931,000 | |||
NBV | $ 17,032,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4039, Sunrise of Alexandria | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 88,000 | |||
Buildings and Improvements | 14,811,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,356,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 244,000 | |||
Buildings and Improvements | 18,011,000 | |||
Total | 18,255,000 | |||
Accumulated Depreciation | 7,025,000 | |||
NBV | $ 11,230,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4026, Sunrise of Richmond | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,120,000 | |||
Buildings and Improvements | 17,446,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,304,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,224,000 | |||
Buildings and Improvements | 18,646,000 | |||
Total | 19,870,000 | |||
Accumulated Depreciation | 7,519,000 | |||
NBV | $ 12,351,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Bon Air, 4080 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,047,000 | |||
Buildings and Improvements | 22,079,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,134,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,032,000 | |||
Buildings and Improvements | 23,228,000 | |||
Total | 25,260,000 | |||
Accumulated Depreciation | 6,009,000 | |||
NBV | $ 19,251,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Springfield, 4000 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,440,000 | |||
Buildings and Improvements | 18,834,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,758,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,545,000 | |||
Buildings and Improvements | 21,487,000 | |||
Total | 26,032,000 | |||
Accumulated Depreciation | 8,588,000 | |||
NBV | $ 17,444,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Lynn Valley, 4073 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 11,759,000 | |||
Buildings and Improvements | 37,424,000 | |||
Costs Capitalized Subsequent to Acquisition | (8,961,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,181,000 | |||
Buildings and Improvements | 31,041,000 | |||
Total | 40,222,000 | |||
Accumulated Depreciation | 11,752,000 | |||
NBV | $ 28,470,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Vancouver, 4077 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,649,000 | |||
Buildings and Improvements | 31,937,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,826,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,662,000 | |||
Buildings and Improvements | 33,750,000 | |||
Total | 40,412,000 | |||
Accumulated Depreciation | 12,785,000 | |||
NBV | $ 27,627,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Victoria, 4069 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,332,000 | |||
Buildings and Improvements | 29,970,000 | |||
Costs Capitalized Subsequent to Acquisition | (6,020,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,592,000 | |||
Buildings and Improvements | 25,690,000 | |||
Total | 32,282,000 | |||
Accumulated Depreciation | 9,827,000 | |||
NBV | $ 22,455,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Aurora, 4075 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,570,000 | |||
Buildings and Improvements | 36,113,000 | |||
Costs Capitalized Subsequent to Acquisition | (7,197,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 29,166,000 | |||
Total | 30,486,000 | |||
Accumulated Depreciation | 10,996,000 | |||
NBV | $ 19,490,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Burlington, 4070 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,173,000 | |||
Buildings and Improvements | 24,448,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,497,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,378,000 | |||
Buildings and Improvements | 25,740,000 | |||
Total | 27,118,000 | |||
Accumulated Depreciation | 9,914,000 | |||
NBV | $ 17,204,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4068, Sunrise of Mississauga | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,554,000 | |||
Buildings and Improvements | 33,631,000 | |||
Costs Capitalized Subsequent to Acquisition | (6,617,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,918,000 | |||
Buildings and Improvements | 27,650,000 | |||
Total | 30,568,000 | |||
Accumulated Depreciation | 10,765,000 | |||
NBV | $ 19,803,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4076, Sunrise of Erin Mills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,957,000 | |||
Buildings and Improvements | 27,020,000 | |||
Costs Capitalized Subsequent to Acquisition | (5,211,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,542,000 | |||
Buildings and Improvements | 22,224,000 | |||
Total | 23,766,000 | |||
Accumulated Depreciation | 8,487,000 | |||
NBV | $ 15,279,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4071, Sunrise of Oakville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,753,000 | |||
Buildings and Improvements | 37,489,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,135,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,925,000 | |||
Buildings and Improvements | 39,452,000 | |||
Total | 42,377,000 | |||
Accumulated Depreciation | 14,965,000 | |||
NBV | $ 27,412,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4072, Sunrise of Richmond Hill | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,155,000 | |||
Buildings and Improvements | 41,254,000 | |||
Costs Capitalized Subsequent to Acquisition | (8,249,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,834,000 | |||
Buildings and Improvements | 33,326,000 | |||
Total | 35,160,000 | |||
Accumulated Depreciation | 12,766,000 | |||
NBV | $ 22,394,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4078, Sunrise of Thornhill | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,563,000 | |||
Buildings and Improvements | 57,513,000 | |||
Costs Capitalized Subsequent to Acquisition | (9,944,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,473,000 | |||
Buildings and Improvements | 48,659,000 | |||
Total | 50,132,000 | |||
Accumulated Depreciation | 17,150,000 | |||
NBV | $ 32,982,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | 4074, Sunrise of Windsor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,813,000 | |||
Buildings and Improvements | 20,882,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,962,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,996,000 | |||
Buildings and Improvements | 22,661,000 | |||
Total | 24,657,000 | |||
Accumulated Depreciation | 8,642,000 | |||
NBV | $ 16,015,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Sunrise | Seniors Housing Communities | Sunrise of Unionville, 4067 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,322,000 | |||
Buildings and Improvements | 41,140,000 | |||
Costs Capitalized Subsequent to Acquisition | (8,004,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,964,000 | |||
Buildings and Improvements | 33,494,000 | |||
Total | 35,458,000 | |||
Accumulated Depreciation | 12,836,000 | |||
NBV | $ 22,622,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 256,383,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 538,180,000 | |||
Buildings and Improvements | 4,760,171,000 | |||
Costs Capitalized Subsequent to Acquisition | 511,143,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 554,121,000 | |||
Buildings and Improvements | 5,255,373,000 | |||
Total | 5,809,494,000 | |||
Accumulated Depreciation | 1,458,754,000 | |||
NBV | 4,350,740,000 | |||
Atria | Seniors Housing Communities | 8248, Atria Regency | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 950,000 | |||
Buildings and Improvements | 11,897,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,741,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 981,000 | |||
Buildings and Improvements | 13,607,000 | |||
Total | 14,588,000 | |||
Accumulated Depreciation | 4,804,000 | |||
NBV | $ 9,784,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8584, Atria Chandler Villas | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,650,000 | |||
Buildings and Improvements | 8,450,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,564,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,769,000 | |||
Buildings and Improvements | 10,895,000 | |||
Total | 14,664,000 | |||
Accumulated Depreciation | 4,554,000 | |||
NBV | $ 10,110,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8568, Atria Sierra Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 10,930,000 | |||
Buildings and Improvements | 65,372,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,722,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 11,021,000 | |||
Buildings and Improvements | 71,003,000 | |||
Total | 82,024,000 | |||
Accumulated Depreciation | 13,658,000 | |||
NBV | $ 68,366,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8270, Atria Campana Del Rio | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,861,000 | |||
Buildings and Improvements | 37,284,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,355,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,992,000 | |||
Buildings and Improvements | 40,508,000 | |||
Total | 46,500,000 | |||
Accumulated Depreciation | 13,191,000 | |||
NBV | $ 33,309,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8272, Atria Valley Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,709,000 | |||
Buildings and Improvements | 60,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,024,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,768,000 | |||
Buildings and Improvements | 1,025,000 | |||
Total | 2,793,000 | |||
Accumulated Depreciation | 650,000 | |||
NBV | $ 2,143,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8342, Atria Bell Court Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,010,000 | |||
Buildings and Improvements | 30,969,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,535,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,060,000 | |||
Buildings and Improvements | 33,454,000 | |||
Total | 36,514,000 | |||
Accumulated Depreciation | 10,012,000 | |||
NBV | $ 26,502,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8575, Atria Burlingame | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,494,000 | |||
Buildings and Improvements | 12,373,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,874,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,579,000 | |||
Buildings and Improvements | 14,162,000 | |||
Total | 16,741,000 | |||
Accumulated Depreciation | 4,790,000 | |||
NBV | $ 11,951,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8585, Atria Las Posas | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,500,000 | |||
Buildings and Improvements | 28,436,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,450,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,539,000 | |||
Buildings and Improvements | 29,847,000 | |||
Total | 34,386,000 | |||
Accumulated Depreciation | 8,861,000 | |||
NBV | $ 25,525,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8302, Atria Carmichael Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 17,263,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,118,000 | |||
Buildings and Improvements | 49,694,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,337,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,300,000 | |||
Buildings and Improvements | 52,849,000 | |||
Total | 55,149,000 | |||
Accumulated Depreciation | 12,869,000 | |||
NBV | $ 42,280,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8544, Atria El Camino Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,930,000 | |||
Buildings and Improvements | 32,318,000 | |||
Costs Capitalized Subsequent to Acquisition | 15,725,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,215,000 | |||
Buildings and Improvements | 47,758,000 | |||
Total | 54,973,000 | |||
Accumulated Depreciation | 16,341,000 | |||
NBV | $ 38,632,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8379, Villa Bonita | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,700,000 | |||
Buildings and Improvements | 7,994,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,006,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 10,090,000 | |||
Total | 11,700,000 | |||
Accumulated Depreciation | 2,512,000 | |||
NBV | $ 9,188,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8502, Atria Covina | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 170,000 | |||
Buildings and Improvements | 4,131,000 | |||
Costs Capitalized Subsequent to Acquisition | 955,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 262,000 | |||
Buildings and Improvements | 4,994,000 | |||
Total | 5,256,000 | |||
Accumulated Depreciation | 1,968,000 | |||
NBV | $ 3,288,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8580, Atria Daly City | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,090,000 | |||
Buildings and Improvements | 13,448,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,326,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,102,000 | |||
Buildings and Improvements | 14,762,000 | |||
Total | 17,864,000 | |||
Accumulated Depreciation | 4,786,000 | |||
NBV | $ 13,078,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8529, Atria Covell Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,163,000 | |||
Buildings and Improvements | 39,657,000 | |||
Costs Capitalized Subsequent to Acquisition | 12,793,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,388,000 | |||
Buildings and Improvements | 52,225,000 | |||
Total | 54,613,000 | |||
Accumulated Depreciation | 18,123,000 | |||
NBV | $ 36,490,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8561, Atria Encinitas | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,880,000 | |||
Buildings and Improvements | 9,212,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,219,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,952,000 | |||
Buildings and Improvements | 12,359,000 | |||
Total | 18,311,000 | |||
Accumulated Depreciation | 3,985,000 | |||
NBV | $ 14,326,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8297, Atria Escondido | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,196,000 | |||
Buildings and Improvements | 7,155,000 | |||
Costs Capitalized Subsequent to Acquisition | 734,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,215,000 | |||
Buildings and Improvements | 7,870,000 | |||
Total | 9,085,000 | |||
Accumulated Depreciation | 1,939,000 | |||
NBV | $ 7,146,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8303, Atria Grass Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 10,741,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,965,000 | |||
Buildings and Improvements | 28,414,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,651,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,020,000 | |||
Buildings and Improvements | 30,010,000 | |||
Total | 32,030,000 | |||
Accumulated Depreciation | 7,346,000 | |||
NBV | $ 24,684,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8532, Atria Golden Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,900,000 | |||
Buildings and Improvements | 23,544,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,122,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,930,000 | |||
Buildings and Improvements | 26,636,000 | |||
Total | 33,566,000 | |||
Accumulated Depreciation | 8,267,000 | |||
NBV | $ 25,299,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8301, Atria Lafayette | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 18,127,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,679,000 | |||
Buildings and Improvements | 56,922,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,213,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,416,000 | |||
Buildings and Improvements | 58,398,000 | |||
Total | 64,814,000 | |||
Accumulated Depreciation | 13,477,000 | |||
NBV | $ 51,337,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8560, Atria Del Sol | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,500,000 | |||
Buildings and Improvements | 12,458,000 | |||
Costs Capitalized Subsequent to Acquisition | 8,751,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,785,000 | |||
Buildings and Improvements | 20,924,000 | |||
Total | 24,709,000 | |||
Accumulated Depreciation | 8,582,000 | |||
NBV | $ 16,127,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8352, Atria Newport Plaza | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,534,000 | |||
Buildings and Improvements | 32,912,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,282,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,569,000 | |||
Buildings and Improvements | 34,159,000 | |||
Total | 38,728,000 | |||
Accumulated Depreciation | 2,339,000 | |||
NBV | $ 36,389,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8554, Atria Tamalpais Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,812,000 | |||
Buildings and Improvements | 24,703,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,236,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,838,000 | |||
Buildings and Improvements | 25,913,000 | |||
Total | 31,751,000 | |||
Accumulated Depreciation | 7,797,000 | |||
NBV | $ 23,954,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8317, Atria Pacific Palisades | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,458,000 | |||
Buildings and Improvements | 17,064,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,536,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,489,000 | |||
Buildings and Improvements | 18,569,000 | |||
Total | 23,058,000 | |||
Accumulated Depreciation | 7,552,000 | |||
NBV | $ 15,506,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8523, Atria Palm Desert | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,887,000 | |||
Buildings and Improvements | 9,843,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,563,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,127,000 | |||
Buildings and Improvements | 11,166,000 | |||
Total | 14,293,000 | |||
Accumulated Depreciation | 5,822,000 | |||
NBV | $ 8,471,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8545, Atria Hacienda | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,680,000 | |||
Buildings and Improvements | 85,900,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,914,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,876,000 | |||
Buildings and Improvements | 89,618,000 | |||
Total | 96,494,000 | |||
Accumulated Depreciation | 25,338,000 | |||
NBV | $ 71,156,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8304, Atria Paradise | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,265,000 | |||
Buildings and Improvements | 28,262,000 | |||
Costs Capitalized Subsequent to Acquisition | (22,641,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,995,000 | |||
Buildings and Improvements | 5,891,000 | |||
Total | 7,886,000 | |||
Accumulated Depreciation | 6,203,000 | |||
NBV | $ 1,683,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8559, Atria Del Rey | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,290,000 | |||
Buildings and Improvements | 17,427,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,938,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,477,000 | |||
Buildings and Improvements | 23,178,000 | |||
Total | 26,655,000 | |||
Accumulated Depreciation | 9,450,000 | |||
NBV | $ 17,205,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8381, Mission Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 9,169,000 | |||
Costs Capitalized Subsequent to Acquisition | 452,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,800,000 | |||
Buildings and Improvements | 4,431,000 | |||
Total | 11,231,000 | |||
Accumulated Depreciation | 1,373,000 | |||
NBV | $ 9,858,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8346, Atria Rocklin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 18,336,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,427,000 | |||
Buildings and Improvements | 52,064,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,595,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,473,000 | |||
Buildings and Improvements | 53,613,000 | |||
Total | 58,086,000 | |||
Accumulated Depreciation | 9,383,000 | |||
NBV | $ 48,703,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8351, Atria La Jolla | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,210,000 | |||
Buildings and Improvements | 46,315,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,197,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,216,000 | |||
Buildings and Improvements | 45,112,000 | |||
Total | 53,328,000 | |||
Accumulated Depreciation | 3,142,000 | |||
NBV | $ 50,186,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8353, Atria Penasquitos | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,649,000 | |||
Buildings and Improvements | 24,067,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,254,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,711,000 | |||
Buildings and Improvements | 26,259,000 | |||
Total | 28,970,000 | |||
Accumulated Depreciation | 1,781,000 | |||
NBV | $ 27,189,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8517, Atria Collwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 290,000 | |||
Buildings and Improvements | 10,650,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,469,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 347,000 | |||
Buildings and Improvements | 12,062,000 | |||
Total | 12,409,000 | |||
Accumulated Depreciation | 4,175,000 | |||
NBV | $ 8,234,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8553, Atria Rancho Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,066,000 | |||
Buildings and Improvements | 14,306,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,248,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,625,000 | |||
Buildings and Improvements | 15,995,000 | |||
Total | 20,620,000 | |||
Accumulated Depreciation | 5,898,000 | |||
NBV | $ 14,722,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8380, Regency of Evergreen Valley | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,800,000 | |||
Buildings and Improvements | 3,637,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,119,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,700,000 | |||
Buildings and Improvements | 8,856,000 | |||
Total | 11,556,000 | |||
Accumulated Depreciation | 2,719,000 | |||
NBV | $ 8,837,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8563, Atria Willow Glen | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,521,000 | |||
Buildings and Improvements | 43,168,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,745,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,627,000 | |||
Buildings and Improvements | 46,807,000 | |||
Total | 55,434,000 | |||
Accumulated Depreciation | 12,675,000 | |||
NBV | $ 42,759,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8541, Atria Chateau San Juan | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,110,000 | |||
Buildings and Improvements | 29,436,000 | |||
Costs Capitalized Subsequent to Acquisition | 9,015,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,353,000 | |||
Buildings and Improvements | 38,208,000 | |||
Total | 43,561,000 | |||
Accumulated Depreciation | 15,626,000 | |||
NBV | $ 27,935,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8546, Atria Hillsdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,240,000 | |||
Buildings and Improvements | 15,956,000 | |||
Costs Capitalized Subsequent to Acquisition | 25,600,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,253,000 | |||
Buildings and Improvements | 41,543,000 | |||
Total | 46,796,000 | |||
Accumulated Depreciation | 5,245,000 | |||
NBV | $ 41,551,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8347, Atria Santa Clarita | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,880,000 | |||
Buildings and Improvements | 38,366,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,738,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,890,000 | |||
Buildings and Improvements | 40,094,000 | |||
Total | 43,984,000 | |||
Accumulated Depreciation | 7,148,000 | |||
NBV | $ 36,836,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8578, Atria Sunnyvale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,120,000 | |||
Buildings and Improvements | 30,068,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,355,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,240,000 | |||
Buildings and Improvements | 35,303,000 | |||
Total | 41,543,000 | |||
Accumulated Depreciation | 11,502,000 | |||
NBV | $ 30,041,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8322, Atria Tarzana | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 960,000 | |||
Buildings and Improvements | 47,547,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,461,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,861,000 | |||
Buildings and Improvements | 49,107,000 | |||
Total | 54,968,000 | |||
Accumulated Depreciation | 11,112,000 | |||
NBV | $ 43,856,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8295, Atria Vintage Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,674,000 | |||
Buildings and Improvements | 44,341,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,105,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,892,000 | |||
Buildings and Improvements | 47,228,000 | |||
Total | 52,120,000 | |||
Accumulated Depreciation | 11,793,000 | |||
NBV | $ 40,327,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8296, Atria Grand Oaks | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,994,000 | |||
Buildings and Improvements | 50,309,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,375,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,055,000 | |||
Buildings and Improvements | 51,623,000 | |||
Total | 57,678,000 | |||
Accumulated Depreciation | 12,479,000 | |||
NBV | $ 45,199,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8533, Atria Hillcrest | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,020,000 | |||
Buildings and Improvements | 25,635,000 | |||
Costs Capitalized Subsequent to Acquisition | 10,529,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,624,000 | |||
Buildings and Improvements | 35,560,000 | |||
Total | 42,184,000 | |||
Accumulated Depreciation | 14,863,000 | |||
NBV | $ 27,321,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8579, Atria Walnut Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,910,000 | |||
Buildings and Improvements | 15,797,000 | |||
Costs Capitalized Subsequent to Acquisition | 17,518,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,642,000 | |||
Buildings and Improvements | 32,583,000 | |||
Total | 40,225,000 | |||
Accumulated Depreciation | 15,417,000 | |||
NBV | $ 24,808,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8582, Atria Valley View | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,139,000 | |||
Buildings and Improvements | 53,914,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,184,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,193,000 | |||
Buildings and Improvements | 57,044,000 | |||
Total | 64,237,000 | |||
Accumulated Depreciation | 24,189,000 | |||
NBV | $ 40,048,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8261, Atria Vistas in Longmont | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,807,000 | |||
Buildings and Improvements | 24,877,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,425,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,874,000 | |||
Buildings and Improvements | 26,235,000 | |||
Total | 29,109,000 | |||
Accumulated Depreciation | 6,941,000 | |||
NBV | $ 22,168,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8434, Atria Darien | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 653,000 | |||
Buildings and Improvements | 37,587,000 | |||
Costs Capitalized Subsequent to Acquisition | 12,187,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,202,000 | |||
Buildings and Improvements | 49,225,000 | |||
Total | 50,427,000 | |||
Accumulated Depreciation | 16,000,000 | |||
NBV | $ 34,427,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8728, Atria Larson Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,850,000 | |||
Buildings and Improvements | 16,098,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,463,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,885,000 | |||
Buildings and Improvements | 18,526,000 | |||
Total | 20,411,000 | |||
Accumulated Depreciation | 6,089,000 | |||
NBV | $ 14,322,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8726, Atria Greenridge Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,170,000 | |||
Buildings and Improvements | 32,553,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,714,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,392,000 | |||
Buildings and Improvements | 35,045,000 | |||
Total | 37,437,000 | |||
Accumulated Depreciation | 10,170,000 | |||
NBV | $ 27,267,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8435, Atria Stamford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,200,000 | |||
Buildings and Improvements | 62,432,000 | |||
Costs Capitalized Subsequent to Acquisition | 20,025,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,487,000 | |||
Buildings and Improvements | 82,170,000 | |||
Total | 83,657,000 | |||
Accumulated Depreciation | 22,565,000 | |||
NBV | $ 61,092,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8725, Atria Crossroads Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,401,000 | |||
Buildings and Improvements | 36,495,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,988,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,577,000 | |||
Buildings and Improvements | 44,307,000 | |||
Total | 46,884,000 | |||
Accumulated Depreciation | 15,132,000 | |||
NBV | $ 31,752,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8727, Atria Hamilton Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,120,000 | |||
Buildings and Improvements | 14,674,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,933,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,163,000 | |||
Buildings and Improvements | 18,564,000 | |||
Total | 21,727,000 | |||
Accumulated Depreciation | 7,215,000 | |||
NBV | $ 14,512,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8276, Atria Windsor Woods | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 32,432,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,595,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,744,000 | |||
Buildings and Improvements | 35,893,000 | |||
Total | 37,637,000 | |||
Accumulated Depreciation | 11,173,000 | |||
NBV | $ 26,464,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8537, Atria Baypoint Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,083,000 | |||
Buildings and Improvements | 28,841,000 | |||
Costs Capitalized Subsequent to Acquisition | 9,966,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,369,000 | |||
Buildings and Improvements | 38,521,000 | |||
Total | 40,890,000 | |||
Accumulated Depreciation | 13,623,000 | |||
NBV | $ 27,267,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8229, Atria San Pablo | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,620,000 | |||
Buildings and Improvements | 14,920,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,310,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,660,000 | |||
Buildings and Improvements | 16,190,000 | |||
Total | 17,850,000 | |||
Accumulated Depreciation | 4,918,000 | |||
NBV | $ 12,932,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8290, Atria at St. Joseph's | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,520,000 | |||
Buildings and Improvements | 30,720,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,129,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,575,000 | |||
Buildings and Improvements | 32,794,000 | |||
Total | 38,369,000 | |||
Accumulated Depreciation | 8,105,000 | |||
NBV | $ 30,264,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8348, Atria Lady Lake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,752,000 | |||
Buildings and Improvements | 26,265,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,519,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,769,000 | |||
Buildings and Improvements | 27,767,000 | |||
Total | 31,536,000 | |||
Accumulated Depreciation | 4,811,000 | |||
NBV | $ 26,725,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8233, The Heritage at Lake Forest | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,589,000 | |||
Buildings and Improvements | 32,586,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,340,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,104,000 | |||
Buildings and Improvements | 37,411,000 | |||
Total | 41,515,000 | |||
Accumulated Depreciation | 11,140,000 | |||
NBV | $ 30,375,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8274, Atria Evergreen Woods | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,370,000 | |||
Buildings and Improvements | 28,371,000 | |||
Costs Capitalized Subsequent to Acquisition | 6,077,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,568,000 | |||
Buildings and Improvements | 34,250,000 | |||
Total | 36,818,000 | |||
Accumulated Depreciation | 11,532,000 | |||
NBV | $ 25,286,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8282, Atria North Point | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 38,576,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,830,000 | |||
Buildings and Improvements | 78,318,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,260,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,868,000 | |||
Buildings and Improvements | 81,540,000 | |||
Total | 86,408,000 | |||
Accumulated Depreciation | 16,947,000 | |||
NBV | $ 69,461,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8268, Atria Buckhead | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,660,000 | |||
Buildings and Improvements | 5,274,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,449,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,688,000 | |||
Buildings and Improvements | 6,695,000 | |||
Total | 10,383,000 | |||
Accumulated Depreciation | 2,713,000 | |||
NBV | $ 7,670,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8288, Atria Tucker | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,103,000 | |||
Buildings and Improvements | 20,679,000 | |||
Costs Capitalized Subsequent to Acquisition | 790,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,120,000 | |||
Buildings and Improvements | 21,452,000 | |||
Total | 22,572,000 | |||
Accumulated Depreciation | 5,292,000 | |||
NBV | $ 17,280,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8344, Atria Glen Ellyn | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,455,000 | |||
Buildings and Improvements | 34,064,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,293,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,748,000 | |||
Buildings and Improvements | 37,064,000 | |||
Total | 39,812,000 | |||
Accumulated Depreciation | 14,328,000 | |||
NBV | $ 25,484,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8240, Atria Newburgh | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,150,000 | |||
Buildings and Improvements | 22,880,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,612,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,155,000 | |||
Buildings and Improvements | 24,487,000 | |||
Total | 25,642,000 | |||
Accumulated Depreciation | 6,899,000 | |||
NBV | $ 18,743,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8249, Atria Hearthstone East | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,150,000 | |||
Buildings and Improvements | 20,544,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,625,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,241,000 | |||
Buildings and Improvements | 22,078,000 | |||
Total | 23,319,000 | |||
Accumulated Depreciation | 6,825,000 | |||
NBV | $ 16,494,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8277, Atria Hearthstone West | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,230,000 | |||
Buildings and Improvements | 28,379,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,552,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,267,000 | |||
Buildings and Improvements | 30,894,000 | |||
Total | 32,161,000 | |||
Accumulated Depreciation | 10,075,000 | |||
NBV | $ 22,086,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8235, Atria Highland Crossing | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,677,000 | |||
Buildings and Improvements | 14,393,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,773,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,693,000 | |||
Buildings and Improvements | 16,150,000 | |||
Total | 17,843,000 | |||
Accumulated Depreciation | 5,713,000 | |||
NBV | $ 12,130,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8245, Atria Summit Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,780,000 | |||
Buildings and Improvements | 15,769,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,270,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,812,000 | |||
Buildings and Improvements | 17,007,000 | |||
Total | 18,819,000 | |||
Accumulated Depreciation | 5,437,000 | |||
NBV | $ 13,382,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8228, Atria Elizabethtown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 850,000 | |||
Buildings and Improvements | 12,510,000 | |||
Costs Capitalized Subsequent to Acquisition | 937,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 884,000 | |||
Buildings and Improvements | 13,413,000 | |||
Total | 14,297,000 | |||
Accumulated Depreciation | 4,111,000 | |||
NBV | $ 10,186,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8209, Atria St. Matthews | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 939,000 | |||
Buildings and Improvements | 9,274,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,391,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 968,000 | |||
Buildings and Improvements | 10,636,000 | |||
Total | 11,604,000 | |||
Accumulated Depreciation | 4,228,000 | |||
NBV | $ 7,376,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8246, Atria Stony Brook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,860,000 | |||
Buildings and Improvements | 17,561,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,333,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,953,000 | |||
Buildings and Improvements | 18,801,000 | |||
Total | 20,754,000 | |||
Accumulated Depreciation | 5,959,000 | |||
NBV | $ 14,795,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8258, Atria Springdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,410,000 | |||
Buildings and Improvements | 16,702,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,604,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,451,000 | |||
Buildings and Improvements | 18,265,000 | |||
Total | 19,716,000 | |||
Accumulated Depreciation | 5,737,000 | |||
NBV | $ 13,979,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8241, Atria Kennebunk | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,090,000 | |||
Buildings and Improvements | 23,496,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,701,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,159,000 | |||
Buildings and Improvements | 25,128,000 | |||
Total | 26,287,000 | |||
Accumulated Depreciation | 7,591,000 | |||
NBV | $ 18,696,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8332, Atria Manresa | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,193,000 | |||
Buildings and Improvements | 19,000,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,311,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,465,000 | |||
Buildings and Improvements | 21,039,000 | |||
Total | 25,504,000 | |||
Accumulated Depreciation | 6,579,000 | |||
NBV | $ 18,925,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8333, Atria Salisbury | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,940,000 | |||
Buildings and Improvements | 24,500,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,391,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,979,000 | |||
Buildings and Improvements | 25,852,000 | |||
Total | 27,831,000 | |||
Accumulated Depreciation | 7,188,000 | |||
NBV | $ 20,643,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8736, Atria Marland Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,831,000 | |||
Buildings and Improvements | 34,592,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,600,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,996,000 | |||
Buildings and Improvements | 54,027,000 | |||
Total | 56,023,000 | |||
Accumulated Depreciation | 21,944,000 | |||
NBV | $ 34,079,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8733, Atria Longmeadow Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 5,310,000 | |||
Buildings and Improvements | 58,021,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,123,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 5,387,000 | |||
Buildings and Improvements | 60,067,000 | |||
Total | 65,454,000 | |||
Accumulated Depreciation | 16,527,000 | |||
NBV | $ 48,927,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8730, Atria Fairhaven (Alden) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 16,093,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,104,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,157,000 | |||
Buildings and Improvements | 17,140,000 | |||
Total | 18,297,000 | |||
Accumulated Depreciation | 5,013,000 | |||
NBV | $ 13,284,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8162, Atria Woodbriar Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,630,000 | |||
Buildings and Improvements | 27,314,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,817,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,433,000 | |||
Buildings and Improvements | 31,328,000 | |||
Total | 37,761,000 | |||
Accumulated Depreciation | 8,712,000 | |||
NBV | $ 29,049,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8230, Atria Woodbriar | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,970,000 | |||
Buildings and Improvements | 43,693,000 | |||
Costs Capitalized Subsequent to Acquisition | 21,519,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,709,000 | |||
Buildings and Improvements | 64,473,000 | |||
Total | 67,182,000 | |||
Accumulated Depreciation | 20,248,000 | |||
NBV | $ 46,934,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8731, Atria Draper Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,140,000 | |||
Buildings and Improvements | 17,794,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,872,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,234,000 | |||
Buildings and Improvements | 19,572,000 | |||
Total | 20,806,000 | |||
Accumulated Depreciation | 6,014,000 | |||
NBV | $ 14,792,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8737, Atria Merrimack Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,774,000 | |||
Buildings and Improvements | 40,645,000 | |||
Costs Capitalized Subsequent to Acquisition | 21,593,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,319,000 | |||
Buildings and Improvements | 60,693,000 | |||
Total | 65,012,000 | |||
Accumulated Depreciation | 11,669,000 | |||
NBV | $ 53,343,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8735, Atria Marina Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,590,000 | |||
Buildings and Improvements | 33,899,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,109,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,780,000 | |||
Buildings and Improvements | 35,818,000 | |||
Total | 38,598,000 | |||
Accumulated Depreciation | 10,474,000 | |||
NBV | $ 28,124,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8318, Atria Ann Arbor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,703,000 | |||
Buildings and Improvements | 15,857,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,998,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,837,000 | |||
Buildings and Improvements | 17,721,000 | |||
Total | 19,558,000 | |||
Accumulated Depreciation | 7,516,000 | |||
NBV | $ 12,042,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8548, Atria Kinghaven | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,440,000 | |||
Buildings and Improvements | 26,260,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,507,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,598,000 | |||
Buildings and Improvements | 29,609,000 | |||
Total | 31,207,000 | |||
Accumulated Depreciation | 9,031,000 | |||
NBV | $ 22,176,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8587, Atria Seville | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 796,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,852,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 14,000 | |||
Buildings and Improvements | 2,634,000 | |||
Total | 2,648,000 | |||
Accumulated Depreciation | 1,888,000 | |||
NBV | $ 760,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8524, Atria Summit Ridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,000 | |||
Buildings and Improvements | 407,000 | |||
Costs Capitalized Subsequent to Acquisition | 776,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 20,000 | |||
Buildings and Improvements | 1,167,000 | |||
Total | 1,187,000 | |||
Accumulated Depreciation | 875,000 | |||
NBV | $ 312,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8319, Atria Cranford | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,260,000 | |||
Buildings and Improvements | 61,411,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,689,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,406,000 | |||
Buildings and Improvements | 66,954,000 | |||
Total | 75,360,000 | |||
Accumulated Depreciation | 20,313,000 | |||
NBV | $ 55,047,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8335, Atria Tinton Falls | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,580,000 | |||
Buildings and Improvements | 13,258,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,835,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,762,000 | |||
Buildings and Improvements | 14,911,000 | |||
Total | 21,673,000 | |||
Accumulated Depreciation | 5,540,000 | |||
NBV | $ 16,133,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8321, Atria Shaker | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,520,000 | |||
Buildings and Improvements | 29,667,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,279,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,626,000 | |||
Buildings and Improvements | 34,840,000 | |||
Total | 36,466,000 | |||
Accumulated Depreciation | 9,030,000 | |||
NBV | $ 27,436,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8330, Atria Crossgate | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,080,000 | |||
Buildings and Improvements | 20,599,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,247,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,100,000 | |||
Buildings and Improvements | 21,826,000 | |||
Total | 22,926,000 | |||
Accumulated Depreciation | 6,779,000 | |||
NBV | $ 16,147,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8467, Atria Woodlands | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 44,386,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,660,000 | |||
Buildings and Improvements | 65,581,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,248,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,718,000 | |||
Buildings and Improvements | 68,771,000 | |||
Total | 76,489,000 | |||
Accumulated Depreciation | 20,019,000 | |||
NBV | $ 56,470,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8455, Atria Bay Shore | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 15,275,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,440,000 | |||
Buildings and Improvements | 31,983,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,874,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,453,000 | |||
Buildings and Improvements | 34,844,000 | |||
Total | 39,297,000 | |||
Accumulated Depreciation | 10,458,000 | |||
NBV | $ 28,839,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8313, Atria Briarcliff Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 6,560,000 | |||
Buildings and Improvements | 33,885,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,315,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,725,000 | |||
Buildings and Improvements | 37,035,000 | |||
Total | 43,760,000 | |||
Accumulated Depreciation | 11,188,000 | |||
NBV | $ 32,572,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8314, Atria Riverdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,020,000 | |||
Buildings and Improvements | 24,149,000 | |||
Costs Capitalized Subsequent to Acquisition | 16,568,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,084,000 | |||
Buildings and Improvements | 40,653,000 | |||
Total | 41,737,000 | |||
Accumulated Depreciation | 15,812,000 | |||
NBV | $ 25,925,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8341, Atria Delmar Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,201,000 | |||
Buildings and Improvements | 24,850,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,183,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,223,000 | |||
Buildings and Improvements | 26,011,000 | |||
Total | 27,234,000 | |||
Accumulated Depreciation | 5,565,000 | |||
NBV | $ 21,669,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8331, Atria East Northport | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,960,000 | |||
Buildings and Improvements | 34,467,000 | |||
Costs Capitalized Subsequent to Acquisition | 19,987,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 10,250,000 | |||
Buildings and Improvements | 54,164,000 | |||
Total | 64,414,000 | |||
Accumulated Depreciation | 16,866,000 | |||
NBV | $ 47,548,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8439, Atria Glen Cove | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,035,000 | |||
Buildings and Improvements | 25,190,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,400,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,063,000 | |||
Buildings and Improvements | 26,562,000 | |||
Total | 28,625,000 | |||
Accumulated Depreciation | 14,362,000 | |||
NBV | $ 14,263,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8310, Atria Great Neck | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,390,000 | |||
Buildings and Improvements | 54,051,000 | |||
Costs Capitalized Subsequent to Acquisition | 28,002,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,482,000 | |||
Buildings and Improvements | 81,961,000 | |||
Total | 85,443,000 | |||
Accumulated Depreciation | 20,008,000 | |||
NBV | $ 65,435,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8438, Atria Cutter Mill | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,750,000 | |||
Buildings and Improvements | 47,919,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,412,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,761,000 | |||
Buildings and Improvements | 51,320,000 | |||
Total | 54,081,000 | |||
Accumulated Depreciation | 14,422,000 | |||
NBV | $ 39,659,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8325, Atria Huntington | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,190,000 | |||
Buildings and Improvements | 1,169,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,791,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,232,000 | |||
Buildings and Improvements | 3,918,000 | |||
Total | 12,150,000 | |||
Accumulated Depreciation | 2,849,000 | |||
NBV | $ 9,301,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8269, Atria Hertlin House | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,886,000 | |||
Buildings and Improvements | 16,391,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,489,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,889,000 | |||
Buildings and Improvements | 18,877,000 | |||
Total | 26,766,000 | |||
Accumulated Depreciation | 5,333,000 | |||
NBV | $ 21,433,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8329, Atria Lynbrook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,145,000 | |||
Buildings and Improvements | 5,489,000 | |||
Costs Capitalized Subsequent to Acquisition | 11,416,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,176,000 | |||
Buildings and Improvements | 16,874,000 | |||
Total | 20,050,000 | |||
Accumulated Depreciation | 2,899,000 | |||
NBV | $ 17,151,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8464, Atria Tanglewood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 23,160,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,120,000 | |||
Buildings and Improvements | 37,348,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,404,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,145,000 | |||
Buildings and Improvements | 38,727,000 | |||
Total | 42,872,000 | |||
Accumulated Depreciation | 10,867,000 | |||
NBV | $ 32,005,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8309, Atria 86th Street | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 80,000 | |||
Buildings and Improvements | 73,685,000 | |||
Costs Capitalized Subsequent to Acquisition | 7,374,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 167,000 | |||
Buildings and Improvements | 80,972,000 | |||
Total | 81,139,000 | |||
Accumulated Depreciation | 24,453,000 | |||
NBV | $ 56,686,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8739, Atria on the Hudson | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,123,000 | |||
Buildings and Improvements | 63,089,000 | |||
Costs Capitalized Subsequent to Acquisition | 5,143,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,212,000 | |||
Buildings and Improvements | 68,143,000 | |||
Total | 76,355,000 | |||
Accumulated Depreciation | 21,242,000 | |||
NBV | $ 55,113,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8461, Atria Plainview | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,480,000 | |||
Buildings and Improvements | 16,060,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,209,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,630,000 | |||
Buildings and Improvements | 18,119,000 | |||
Total | 20,749,000 | |||
Accumulated Depreciation | 5,802,000 | |||
NBV | $ 14,947,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8436, Atria Rye Brook | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 9,660,000 | |||
Buildings and Improvements | 74,936,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,691,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 9,751,000 | |||
Buildings and Improvements | 77,536,000 | |||
Total | 87,287,000 | |||
Accumulated Depreciation | 21,846,000 | |||
NBV | $ 65,441,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8312, Atria Kew Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,051,000 | |||
Buildings and Improvements | 66,013,000 | |||
Costs Capitalized Subsequent to Acquisition | 9,082,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,079,000 | |||
Buildings and Improvements | 75,067,000 | |||
Total | 78,146,000 | |||
Accumulated Depreciation | 22,113,000 | |||
NBV | $ 56,033,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8458, Atria Forest Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,050,000 | |||
Buildings and Improvements | 16,680,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,099,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,074,000 | |||
Buildings and Improvements | 18,755,000 | |||
Total | 20,829,000 | |||
Accumulated Depreciation | 5,754,000 | |||
NBV | $ 15,075,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8437, Atria on Roslyn Harbor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 65,000,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 12,909,000 | |||
Buildings and Improvements | 72,720,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,969,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 12,974,000 | |||
Buildings and Improvements | 75,624,000 | |||
Total | 88,598,000 | |||
Accumulated Depreciation | 21,290,000 | |||
NBV | $ 67,308,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8738, Atria Guilderland | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,170,000 | |||
Buildings and Improvements | 22,414,000 | |||
Costs Capitalized Subsequent to Acquisition | 919,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,171,000 | |||
Buildings and Improvements | 23,332,000 | |||
Total | 24,503,000 | |||
Accumulated Depreciation | 6,760,000 | |||
NBV | $ 17,743,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8323, Atria South Setauket | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,450,000 | |||
Buildings and Improvements | 14,534,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,146,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,842,000 | |||
Buildings and Improvements | 16,288,000 | |||
Total | 25,130,000 | |||
Accumulated Depreciation | 6,816,000 | |||
NBV | $ 18,314,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | Atria Southpoint Walk, 8293 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,130,000 | |||
Buildings and Improvements | 25,920,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,544,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,135,000 | |||
Buildings and Improvements | 27,459,000 | |||
Total | 29,594,000 | |||
Accumulated Depreciation | 6,864,000 | |||
NBV | $ 22,730,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | Atria Oakridge, 8294 [Member] | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,482,000 | |||
Buildings and Improvements | 28,838,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,657,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,519,000 | |||
Buildings and Improvements | 30,458,000 | |||
Total | 31,977,000 | |||
Accumulated Depreciation | 7,684,000 | |||
NBV | $ 24,293,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8338, Atria Bethlehem | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,479,000 | |||
Buildings and Improvements | 22,870,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,141,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,500,000 | |||
Buildings and Improvements | 23,990,000 | |||
Total | 26,490,000 | |||
Accumulated Depreciation | 7,544,000 | |||
NBV | $ 18,946,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8433, Atria Center City | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,460,000 | |||
Buildings and Improvements | 18,291,000 | |||
Costs Capitalized Subsequent to Acquisition | 18,257,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,535,000 | |||
Buildings and Improvements | 36,473,000 | |||
Total | 40,008,000 | |||
Accumulated Depreciation | 10,722,000 | |||
NBV | $ 29,286,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8339, Atria South Hills | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 880,000 | |||
Buildings and Improvements | 10,884,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,000,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 913,000 | |||
Buildings and Improvements | 11,851,000 | |||
Total | 12,764,000 | |||
Accumulated Depreciation | 4,088,000 | |||
NBV | $ 8,676,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8602, Atria Bay Spring Village | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,000,000 | |||
Buildings and Improvements | 33,400,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,134,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,080,000 | |||
Buildings and Improvements | 36,454,000 | |||
Total | 38,534,000 | |||
Accumulated Depreciation | 11,772,000 | |||
NBV | $ 26,762,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8744, Atria Harborhill Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,089,000 | |||
Buildings and Improvements | 21,702,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,911,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,183,000 | |||
Buildings and Improvements | 23,519,000 | |||
Total | 25,702,000 | |||
Accumulated Depreciation | 7,306,000 | |||
NBV | $ 18,396,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8745, Atria Lincoln Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,440,000 | |||
Buildings and Improvements | 12,686,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,527,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,475,000 | |||
Buildings and Improvements | 14,178,000 | |||
Total | 15,653,000 | |||
Accumulated Depreciation | 4,894,000 | |||
NBV | $ 10,759,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8743, Atria Aquidneck Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,810,000 | |||
Buildings and Improvements | 31,623,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,212,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,814,000 | |||
Buildings and Improvements | 32,831,000 | |||
Total | 35,645,000 | |||
Accumulated Depreciation | 9,159,000 | |||
NBV | $ 26,486,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8263, Atria Forest Lake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 670,000 | |||
Buildings and Improvements | 13,946,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,117,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 691,000 | |||
Buildings and Improvements | 15,042,000 | |||
Total | 15,733,000 | |||
Accumulated Depreciation | 4,471,000 | |||
NBV | $ 11,262,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8205, Atria Weston Place | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 793,000 | |||
Buildings and Improvements | 7,961,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,629,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 969,000 | |||
Buildings and Improvements | 9,414,000 | |||
Total | 10,383,000 | |||
Accumulated Depreciation | 3,179,000 | |||
NBV | $ 7,204,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8284 Atria Villiage at Arboretum | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,280,000 | |||
Buildings and Improvements | 61,764,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,477,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 8,377,000 | |||
Buildings and Improvements | 65,144,000 | |||
Total | 73,521,000 | |||
Accumulated Depreciation | 15,854,000 | |||
NBV | $ 57,667,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8243, Atria Carrollton | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 5,519,000 | |||
Initial Cost to Company | ||||
Land and Improvements | 360,000 | |||
Buildings and Improvements | 20,465,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,823,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 370,000 | |||
Buildings and Improvements | 22,278,000 | |||
Total | 22,648,000 | |||
Accumulated Depreciation | 6,829,000 | |||
NBV | $ 15,819,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8247, Atria Grapevine | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,070,000 | |||
Buildings and Improvements | 23,104,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,039,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,092,000 | |||
Buildings and Improvements | 25,121,000 | |||
Total | 27,213,000 | |||
Accumulated Depreciation | 7,161,000 | |||
NBV | $ 20,052,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8254, Atria Westchase | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,318,000 | |||
Buildings and Improvements | 22,278,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,546,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,347,000 | |||
Buildings and Improvements | 23,795,000 | |||
Total | 26,142,000 | |||
Accumulated Depreciation | 7,239,000 | |||
NBV | $ 18,903,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8349, Atria Cinco Ranch | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,171,000 | |||
Buildings and Improvements | 73,287,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,081,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,201,000 | |||
Buildings and Improvements | 75,338,000 | |||
Total | 78,539,000 | |||
Accumulated Depreciation | 12,222,000 | |||
NBV | $ 66,317,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8218, Atria Kingwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,170,000 | |||
Buildings and Improvements | 4,518,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,064,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,192,000 | |||
Buildings and Improvements | 5,560,000 | |||
Total | 6,752,000 | |||
Accumulated Depreciation | 2,133,000 | |||
NBV | $ 4,619,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8292, Atria at Hometown | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,932,000 | |||
Buildings and Improvements | 30,382,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,738,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,963,000 | |||
Buildings and Improvements | 33,089,000 | |||
Total | 35,052,000 | |||
Accumulated Depreciation | 8,400,000 | |||
NBV | $ 26,652,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8291, Atria Canyon Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,110,000 | |||
Buildings and Improvements | 45,999,000 | |||
Costs Capitalized Subsequent to Acquisition | 3,756,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,148,000 | |||
Buildings and Improvements | 49,717,000 | |||
Total | 52,865,000 | |||
Accumulated Depreciation | 12,573,000 | |||
NBV | $ 40,292,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8215, Atria Cypresswood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 880,000 | |||
Buildings and Improvements | 9,192,000 | |||
Costs Capitalized Subsequent to Acquisition | 648,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 984,000 | |||
Buildings and Improvements | 9,736,000 | |||
Total | 10,720,000 | |||
Accumulated Depreciation | 3,282,000 | |||
NBV | $ 7,438,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8252, Atria Sugar Land | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 970,000 | |||
Buildings and Improvements | 17,542,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,059,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 980,000 | |||
Buildings and Improvements | 18,591,000 | |||
Total | 19,571,000 | |||
Accumulated Depreciation | 5,602,000 | |||
NBV | $ 13,969,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8234, Atria Copeland | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,879,000 | |||
Buildings and Improvements | 17,901,000 | |||
Costs Capitalized Subsequent to Acquisition | 2,178,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,913,000 | |||
Buildings and Improvements | 20,045,000 | |||
Total | 21,958,000 | |||
Accumulated Depreciation | 5,975,000 | |||
NBV | $ 15,983,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8266, Atria Willow Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 920,000 | |||
Buildings and Improvements | 31,271,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,862,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 982,000 | |||
Buildings and Improvements | 33,071,000 | |||
Total | 34,053,000 | |||
Accumulated Depreciation | 9,988,000 | |||
NBV | $ 24,065,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8239, Atria Virginia Beach (Hilltop) | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,749,000 | |||
Buildings and Improvements | 33,004,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,041,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,815,000 | |||
Buildings and Improvements | 33,979,000 | |||
Total | 35,794,000 | |||
Accumulated Depreciation | 10,062,000 | |||
NBV | $ 25,732,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8972, Arbour Lake | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,512,000 | |||
Buildings and Improvements | 39,188,000 | |||
Costs Capitalized Subsequent to Acquisition | (3,182,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,259,000 | |||
Buildings and Improvements | 36,259,000 | |||
Total | 38,518,000 | |||
Accumulated Depreciation | 6,991,000 | |||
NBV | $ 31,527,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8974, Canyon Meadows | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,617,000 | |||
Buildings and Improvements | 30,803,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,148,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,453,000 | |||
Buildings and Improvements | 28,819,000 | |||
Total | 30,272,000 | |||
Accumulated Depreciation | 5,786,000 | |||
NBV | $ 24,486,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8976, Churchill Manor | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,865,000 | |||
Buildings and Improvements | 30,482,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,556,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,575,000 | |||
Buildings and Improvements | 28,216,000 | |||
Total | 30,791,000 | |||
Accumulated Depreciation | 5,660,000 | |||
NBV | $ 25,131,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8997, View at Lethbridge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,503,000 | |||
Buildings and Improvements | 24,770,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,185,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,261,000 | |||
Buildings and Improvements | 22,827,000 | |||
Total | 25,088,000 | |||
Accumulated Depreciation | 4,933,000 | |||
NBV | $ 20,155,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8994, Victoria Park | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,188,000 | |||
Buildings and Improvements | 22,554,000 | |||
Costs Capitalized Subsequent to Acquisition | (808,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,066,000 | |||
Buildings and Improvements | 21,868,000 | |||
Total | 22,934,000 | |||
Accumulated Depreciation | 4,671,000 | |||
NBV | $ 18,263,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8982, Ironwood Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,639,000 | |||
Buildings and Improvements | 22,519,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,093,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,294,000 | |||
Buildings and Improvements | 21,771,000 | |||
Total | 25,065,000 | |||
Accumulated Depreciation | 4,692,000 | |||
NBV | $ 20,373,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8984, Longlake Chateau | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,874,000 | |||
Buildings and Improvements | 22,910,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,333,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,683,000 | |||
Buildings and Improvements | 21,768,000 | |||
Total | 23,451,000 | |||
Accumulated Depreciation | 4,777,000 | |||
NBV | $ 18,674,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8987, Prince George | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,066,000 | |||
Buildings and Improvements | 22,761,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,309,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,853,000 | |||
Buildings and Improvements | 21,665,000 | |||
Total | 23,518,000 | |||
Accumulated Depreciation | 4,592,000 | |||
NBV | $ 18,926,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8995, The Victorian | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,419,000 | |||
Buildings and Improvements | 16,351,000 | |||
Costs Capitalized Subsequent to Acquisition | (610,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 3,083,000 | |||
Buildings and Improvements | 16,077,000 | |||
Total | 19,160,000 | |||
Accumulated Depreciation | 3,697,000 | |||
NBV | $ 15,463,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8996, Victorian at McKenzie | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 4,801,000 | |||
Buildings and Improvements | 25,712,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,349,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 4,307,000 | |||
Buildings and Improvements | 24,857,000 | |||
Total | 29,164,000 | |||
Accumulated Depreciation | 5,219,000 | |||
NBV | $ 23,945,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8989, Riverheights Terrace | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 799,000 | |||
Buildings and Improvements | 27,708,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,386,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 716,000 | |||
Buildings and Improvements | 26,405,000 | |||
Total | 27,121,000 | |||
Accumulated Depreciation | 5,457,000 | |||
NBV | $ 21,664,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8970, Amber Meadow | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,047,000 | |||
Buildings and Improvements | 17,821,000 | |||
Costs Capitalized Subsequent to Acquisition | (512,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,728,000 | |||
Buildings and Improvements | 17,628,000 | |||
Total | 20,356,000 | |||
Accumulated Depreciation | 4,332,000 | |||
NBV | $ 16,024,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8998, The Westhaven | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 871,000 | |||
Buildings and Improvements | 23,162,000 | |||
Costs Capitalized Subsequent to Acquisition | (842,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 813,000 | |||
Buildings and Improvements | 22,378,000 | |||
Total | 23,191,000 | |||
Accumulated Depreciation | 4,665,000 | |||
NBV | $ 18,526,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8992, Ste. Anne's Court | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,221,000 | |||
Buildings and Improvements | 29,626,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,895,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,107,000 | |||
Buildings and Improvements | 27,845,000 | |||
Total | 28,952,000 | |||
Accumulated Depreciation | 5,713,000 | |||
NBV | $ 23,239,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8975, Chateau De Champlain | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 796,000 | |||
Buildings and Improvements | 24,577,000 | |||
Costs Capitalized Subsequent to Acquisition | (932,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 732,000 | |||
Buildings and Improvements | 23,709,000 | |||
Total | 24,441,000 | |||
Accumulated Depreciation | 5,124,000 | |||
NBV | $ 19,317,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8977, The Court At Brooklin | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,515,000 | |||
Buildings and Improvements | 35,602,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,128,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,279,000 | |||
Buildings and Improvements | 33,710,000 | |||
Total | 35,989,000 | |||
Accumulated Depreciation | 6,613,000 | |||
NBV | $ 29,376,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8973, Burlington Gardens | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 7,560,000 | |||
Buildings and Improvements | 50,744,000 | |||
Costs Capitalized Subsequent to Acquisition | (4,488,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 6,788,000 | |||
Buildings and Improvements | 47,028,000 | |||
Total | 53,816,000 | |||
Accumulated Depreciation | 8,789,000 | |||
NBV | $ 45,027,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8979, The Court At Rushdale | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,799,000 | |||
Buildings and Improvements | 34,633,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,280,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,610,000 | |||
Buildings and Improvements | 32,542,000 | |||
Total | 34,152,000 | |||
Accumulated Depreciation | 6,482,000 | |||
NBV | $ 27,670,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8983, Kingsdale Chateau | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,221,000 | |||
Buildings and Improvements | 36,272,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,300,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,055,000 | |||
Buildings and Improvements | 34,138,000 | |||
Total | 36,193,000 | |||
Accumulated Depreciation | 6,759,000 | |||
NBV | $ 29,434,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8980, The Court At Barrhaven | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,778,000 | |||
Buildings and Improvements | 33,922,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,049,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,652,000 | |||
Buildings and Improvements | 31,999,000 | |||
Total | 33,651,000 | |||
Accumulated Depreciation | 6,564,000 | |||
NBV | $ 27,087,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8981, Crystal View Lodge | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,587,000 | |||
Buildings and Improvements | 37,243,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,721,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,636,000 | |||
Buildings and Improvements | 35,473,000 | |||
Total | 37,109,000 | |||
Accumulated Depreciation | 6,892,000 | |||
NBV | $ 30,217,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8991, Stamford Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,414,000 | |||
Buildings and Improvements | 29,439,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,079,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,266,000 | |||
Buildings and Improvements | 27,508,000 | |||
Total | 28,774,000 | |||
Accumulated Depreciation | 5,504,000 | |||
NBV | $ 23,270,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8990, Sherbrooke Heights | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,485,000 | |||
Buildings and Improvements | 33,747,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,073,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,232,000 | |||
Buildings and Improvements | 31,927,000 | |||
Total | 34,159,000 | |||
Accumulated Depreciation | 6,515,000 | |||
NBV | $ 27,644,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8971, Anchor Pointe | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 8,214,000 | |||
Buildings and Improvements | 24,056,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,676,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 7,354,000 | |||
Buildings and Improvements | 23,240,000 | |||
Total | 30,594,000 | |||
Accumulated Depreciation | 5,166,000 | |||
NBV | $ 25,428,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8978, The Court At Pringle Creek | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,965,000 | |||
Buildings and Improvements | 39,206,000 | |||
Costs Capitalized Subsequent to Acquisition | (3,211,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,726,000 | |||
Buildings and Improvements | 36,234,000 | |||
Total | 38,960,000 | |||
Accumulated Depreciation | 7,161,000 | |||
NBV | $ 31,799,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8993, La Residence Steger | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,995,000 | |||
Buildings and Improvements | 10,926,000 | |||
Costs Capitalized Subsequent to Acquisition | 1,128,000 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,845,000 | |||
Buildings and Improvements | 12,204,000 | |||
Total | 14,049,000 | |||
Accumulated Depreciation | 3,244,000 | |||
NBV | $ 10,805,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8985, Mulberry Estates | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,173,000 | |||
Buildings and Improvements | 31,791,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,115,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,053,000 | |||
Buildings and Improvements | 29,796,000 | |||
Total | 31,849,000 | |||
Accumulated Depreciation | 6,067,000 | |||
NBV | $ 25,782,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8988, Queen Victoria | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 3,018,000 | |||
Buildings and Improvements | 34,109,000 | |||
Costs Capitalized Subsequent to Acquisition | (2,387,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,716,000 | |||
Buildings and Improvements | 32,024,000 | |||
Total | 34,740,000 | |||
Accumulated Depreciation | 6,399,000 | |||
NBV | $ 28,341,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | 8986, Primrose Chateau | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 2,611,000 | |||
Buildings and Improvements | 32,729,000 | |||
Costs Capitalized Subsequent to Acquisition | (1,873,000) | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 2,405,000 | |||
Buildings and Improvements | 31,062,000 | |||
Total | 33,467,000 | |||
Accumulated Depreciation | 6,218,000 | |||
NBV | $ 27,249,000 | |||
Life on Which Depreciation in Income Statement is Computed | 35 years | |||
Atria | Seniors Housing Communities | vt00018, Amberwood | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 1,320,000 | |||
Buildings and Improvements | 0 | |||
Total | 1,320,000 | |||
Accumulated Depreciation | 0 | |||
NBV | 1,320,000 | |||
Atria | Seniors Housing Communities | Atria Other Projects | ||||
Real Estate and Accumulated Depreciation | ||||
Encumbrances | 0 | |||
Initial Cost to Company | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 233,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land and Improvements | 0 | |||
Buildings and Improvements | 233,000 | |||
Total | 233,000 | |||
Accumulated Depreciation | 0 | |||
NBV | $ 233,000 | |||
Ohio | First Mortgages | Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 | ||||
Real Estate and Accumulated Depreciation | ||||
Number of RE Assets | loan | 1 |
Schedule IV - Real Estate Mor_2
Schedule IV - Real Estate Mortgage Loans (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019USD ($)loan | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Monthly Debt Service | $ 3,056 | |||
Face Value | 644,907 | |||
Net Book Value | 642,218 | $ 427,117 | $ 565,875 | $ 634,201 |
Prior Liens | $ 1,069,915 | |||
First Mortgages | Ohio | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Maturity Date | Oct. 1, 2021 | |||
Monthly Debt Service | $ 568 | |||
Face Value | 78,448 | |||
Net Book Value | 78,448 | |||
Prior Liens | $ 0 | |||
First Mortgages | Texas | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Maturity Date | Jan. 31, 2029 | |||
Monthly Debt Service | $ 12 | |||
Face Value | 1,900 | |||
Net Book Value | 1,900 | |||
Prior Liens | $ 0 | |||
Mezzanine Loans | Multiple | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 156 | |||
Interest Rate | 8.16% | |||
Maturity Date | Jun. 9, 2021 | |||
Monthly Debt Service | $ 2,005 | |||
Face Value | 489,752 | |||
Net Book Value | 487,246 | |||
Prior Liens | $ 1,024,482 | |||
Construction Loans | Colorado | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 1 | |||
Interest Rate | 8.75% | |||
Maturity Date | Nov. 1, 2021 | |||
Monthly Debt Service | $ 437 | |||
Face Value | 59,043 | |||
Net Book Value | 58,860 | |||
Prior Liens | $ 0 | |||
Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 | First Mortgages | Ohio | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 1 | |||
Interest Rate | 8.88% | |||
Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 | First Mortgages | Texas | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 1 | |||
Interest Rate | 7.21% | |||
Mezzanine California loan 1 | Mezzanine Loans | CALIFORNIA | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 1 | |||
Interest Rate | 7.76% | |||
Maturity Date | Aug. 29, 2024 | |||
Monthly Debt Service | $ 14 | |||
Face Value | 6,428 | |||
Net Book Value | 6,428 | |||
Prior Liens | $ 34,252 | |||
Mezzanine California loan 2 | Mezzanine Loans | CALIFORNIA | ||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||||
Number of RE Assets | loan | 1 | |||
Interest Rate | 7.76% | |||
Maturity Date | Aug. 29, 2024 | |||
Monthly Debt Service | $ 20 | |||
Face Value | 9,336 | |||
Net Book Value | 9,336 | |||
Prior Liens | $ 11,181 |
Schedule IV - Real Estate Mor_3
Schedule IV - Real Estate Mortgage Loans (Mortgage Loan Reconciliation) (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($)loan | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Effect of Foreign Currency Translation | $ (7,790) | $ 0 | $ 0 |
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Beginning Balance | 427,117 | 565,875 | 634,201 |
New loans | 1,234,244 | 9,900 | 0 |
Construction draws | 0 | 0 | 0 |
Total additions | 1,234,244 | 9,900 | 0 |
Principal repayments | (1,011,353) | (148,658) | (68,326) |
Total deductions | (1,011,353) | (148,658) | (68,326) |
Ending Balance | 642,218 | $ 427,117 | $ 565,875 |
Ohio | First Mortgages | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 78,448 | ||
Ohio | First Mortgages | Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 1 | ||
Texas | First Mortgages | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 1,900 | ||
Texas | First Mortgages | Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 1 | ||
Multiple | Mezzanine Loans | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 156 | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 487,246 | ||
CALIFORNIA | Mezzanine Loans | Mezzanine California loan 1 | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 1 | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 6,428 | ||
CALIFORNIA | Mezzanine Loans | Mezzanine California loan 2 | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 1 | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 9,336 | ||
Colorado | Construction Loans | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | |||
Number of RE Assets | loan | 1 | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Ending Balance | $ 58,860 |