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Real Estate Properties (Tables)
9 Months Ended
Sep. 30, 2019
Real Estate [Abstract]  
Schedule of Real Estate Properties
Date of Sale
 
Location
 
Type of Property
 
Number of Properties
 
Square Feet or Number of Units
 
 
Sales Price (1)
October 2019
 
South Dakota
 
Independent Living/SNF
 
3
 
245

units
 
$
10,500

October 2019
 
New Jersey
 
MOB
 
1
 
205,439

sq. ft.
 
47,500

 
 
 
 
 
 
4
 
 
 
 
$
58,000

(1)
Sales price excludes closing costs.
Date of Sale
 
Location
 
Type of Property
 
Number of Properties
 
Square Feet or Number of Units
 
 
Sales Price (1)
 
Gain (loss) on Sale
February 2019
 
Florida
 
MOB
 
1
 
60,396

sq. ft.
 
$
2,900

 
$
(69
)
March 2019
 
Massachusetts
 
MOB
 
1
 
4,400

sq. ft.
 
75

 
(58
)
May 2019 (2)
 
California
 
SNF
 
3
 
278

units
 
21,500

 
15,207

May 2019
 
Colorado
 
MOB
 
1
 
15,647

sq. ft.
 
2,590

 
1,035

June 2019
 
Massachusetts
 
MOB
 
7
 
164,121

sq. ft.
 
8,042

 
1,590

July 2019
 
Massachusetts
 
MOB
 
3
 
103,484

sq. ft.
 
4,955

 
2,332

August 2019
 
Massachusetts
 
MOB
 
1
 
49,357

sq. ft.
 
2,221

 
812

September 2019 (2)
 
Various
 
SNF
 
15
 
964

units
 
8,000

 

September 2019
 
Massachusetts
 
MOB
 
1
 
41,065

sq. ft.
 
2,750

 
1,044

 
 
 
 
 
 
33
 
 
 
 
$
53,033

 
$
21,893


(1)
Sales price excludes closing costs.
(2)
Pursuant to the terms of our April 2019 transaction agreement, or the Transaction Agreement, with Five Star Senior Living Inc., or Five Star, the aggregate amount of monthly minimum rent payable to us by Five Star under our master leases with Five Star decreased from the sale of these SNFs, as they were previously leased by us to Five Star. See Note 10 for further information on the Transaction Agreement.