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Relationship with Universal Health Realty Income Trust and Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2014
Remaining Renewal Options and Terms for Each of Four Hospital Facilities Leased from Trust

The table below details the renewal options and terms for each of our four hospital facilities leased from the Trust:

 

Hospital Name

    Type of Facility    Annual
Minimum
Rent		      End of Lease Term      Renewal
Term
(years)		  

McAllen Medical Center

    Acute Care    $ 5,485,000         December, 2016         15 (a) 

Wellington Regional Medical Center

    Acute Care    $ 3,030,000         December, 2016         15 (b) 

Southwest Healthcare System, Inland Valley Campus

    Acute Care    $ 2,648,000         December, 2016         15 (b) 

The Bridgeway

    Behavioral Health    $ 930,000         December, 2014         10 (c) 

 

(a) We have three 5-year renewal options at existing lease rates (through 2031).
(b) We have one 5-year renewal option at existing lease rates (through 2021) and two 5-year renewal options at fair market value lease rates (2022 through 2031).
(c) As discussed above, we have provided notification to the Trust that we intend to purchase the real property of The Bridgeway upon expiration of the current lease term in December, 2014. We had two 5-year renewal options at fair market value lease rates (2015 through 2024) remaining on this property.