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Real Estate Properties (Tables)
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Schedule of real estate property acquisition
The table below represents the purchase price allocations (including net closing adjustments) of acquisitions for the years ended December 31, 2019, 2018 and 2017:
Date
Location
Type of Property
Number of Properties
 
Square Feet or Number of Units
 
 
Cash Paid
plus
Assumed
Debt (1)
 
Land
 
Buildings
and
Improvements
 
FF&E
 
Acquired
Real Estate
Leases / Resident Agreements
 
Acquired
Real Estate
Lease
Obligations
 
Assumed
Debt
 
Premium on 
Assumed Debt
Acquisitions during the year ended December 31, 2019:
December 2019
Texas
IL
1

 
169

units
 
$
50,506

 
$
3,463

 
$
44,189

 
$
652

 
$
2,202

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions during the year ended December 31, 2018:
January 2018
3 States
Medical Office / Life Science
3

 
400,000

sq. ft.
 
$
91,698

 
$
16,873

 
$
54,605

 
$
—

 
$
20,220

 
$
—

 
$
—

 
$
—

January 2018 (2)
Tennessee
AL
1

 
88

units
 
19,868

 
580

 
14,884

 
1,209

 
3,195

 
—

 
—

 
—

February 2018 (2)
Arizona
IL
1

 
127

units
 
22,622

 
2,017

 
17,123

 
390

 
4,451

 
—

 
(16,748
)
 
(1,359
)
March 2018
Virginia
Medical Office
1

 
135,000

sq. ft.
 
23,275

 
2,863

 
11,105

 
—

 
9,307

 
—

 
(11,050
)
 
—

June 2018 (2)
Tennessee
IL
2

 
151

units
 
23,860

 
965

 
17,910

 
1,628

 
3,843

 
—

 
(16,588
)
 
(486
)
 
 
 
8

 


 
 
$
181,323

 
$
23,298

 
$
115,627

 
$
3,227

 
$
41,016

 
$
—

 
$
(44,386
)
 
$
(1,845
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions during the year ended December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
January 2017
Kansas
Medical Office
1

 
117,000

sq. ft.
 
$
15,106

 
$
1,522

 
$
7,246

 
$
—

 
$
6,338

 
$
—

 
$
—

 
$
—

July 2017
Maryland
Life Science
1

 
59,000

sq. ft.
 
16,601

 
6,138

 
6,526

 
—

 
3,937

 
—

 
—

 
—

October 2017
2 States
Medical Office / Life Science
2

 
255,000

sq. ft.
 
38,794

 
6,738

 
25,040

 
—

 
7,016

 
—

 
—

 
—

November 2017
California
Life Science
1

 
63,000

sq. ft.
 
26,823

 
7,957

 
13,430

 
—

 
5,436

 
—

 
—

 
—

December 2017
Virginia
Medical Office
1

 
136,000

sq. ft.
 
15,844

 
3,263

 
7,615

 
—

 
4,986

 
(20
)
 
—

 
—

December 2017 (2)
2 States
IL / AL
2

 
229

units
 
39,457

 
4,055

 
26,424

 
1,204

 
7,774

 
—

 
—

 
—

 
 
 
8

 


 
 
$
152,625

 
$
29,673

 
$
86,281

 
$
1,204

 
$
35,487

 
$
(20
)
 
$
—

 
$
—

(1)
Cash paid plus assumed debt, if any, includes closing costs.
(2)
Acquired from Five Star.
Schedule of disposal groups
Date of Sale
 
Location
 
Type of Property
 
Number of Properties
 
Square Feet or Number of Units
 
 
Sales Price (1)
 
Gain (loss) on Sale
Dispositions during the year ended December 31, 2019:
February 2019
 
Florida
 
Life Science
 
1
 
60,396

sq. ft.
 
$
2,900

 
$
(69
)
March 2019
 
Massachusetts
 
Medical Office
 
1
 
4,400

sq. ft.
 
75

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

units
 
21,500

 
15,207

May 2019
 
Colorado
 
Medical Office
 
1
 
15,647

sq. ft.
 
2,590

 
1,029

June 2019
 
Massachusetts
 
Medical Office
 
7
 
164,121

sq. ft.
 
8,042

 
1,590

July 2019
 
Massachusetts
 
Medical Office
 
3
 
103,484

sq. ft.
 
4,955

 
2,332

August 2019
 
Massachusetts
 
Medical Office
 
1
 
49,357

sq. ft.
 
2,221

 
812

September 2019 (2)
 
Various
 
SNF
 
15
 
964

units
 
8,000

 
—

September 2019
 
Massachusetts
 
Medical Office
 
1
 
41,065

sq. ft.
 
2,750

 
1,044

October 2019
 
South Dakota
 
SNF / IL
 
3
 
245

units
 
10,500

 
6,661

October 2019
 
New Jersey
 
Life Science
 
1
 
205,439

sq. ft.
 
47,500

 
—

December 2019
 
Georgia
 
Medical Office
 
1
 
95,010

sq. ft.
 
14,000

 
(63
)
December 2019
 
Washington
 
IL
 
1
 
150

units
 
32,500

 
7,618

December 2019
 
Various
 
AL
 
7
 
566

units
 
103,250

 
3,593

 
 
 
 
 
 
46
 
 
 
 
$
260,783

 
$
39,696

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dispositions during the year ended December 31, 2018:
March 2018 (3)
 
Various
 
IL
 
2
 
843

units
 
$
217,000

 
$
181,154

May 2018 (3)
 
Maryland
 
IL
 
1
 
354

units
 
96,000

 
78,856

June 2018 (2)
 
California
 
SNF
 
1
 
98

units
 
6,500

 
3,699

June 2018 (4)
 
Oregon
 
AL
 
1
 
99

units
 
15,365

 
(1,793
)
 
 
 
 
 
 
5
 
 
 
 
$
334,865

 
$
261,916

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dispositions during the year ended December 31, 2017:
December 2017 (3)
 
Virginia
 
IL
 
1
 
422

units
 
$
55,000

 
$
45,901

(1)
Sales price excludes closing costs.
(2)
These senior living communities were previously leased to Five Star.
(3)
These senior living communities were leased to Sunrise Senior Living LLC.
(4)
This senior living community was leased to a private operator, where the tenant exercised its purchase option.