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Real Estate Investments (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Schedule of equity method investments

As of December 31, 2021, we had an equity investment in a joint venture as follows:

Joint Venture

DHC Ownership

DHC Carrying Value of Investment at December 31, 2021

Number of Properties

Location

Square Feet

Seaport Innovation LLC

20%

$

215,127

1

Massachusetts

1,134,479

The following table provides a summary of the mortgage debts of this joint venture:

Joint Venture

Coupon Rate

Maturity Date

Principal Balance at December 31, 2021 (1)

Mortgage Notes Payable (secured by one property in Massachusetts)

3.53%

8/6/2026

$

620,000

(1)Amounts are not adjusted for our minority interest. We no longer include this $620,000 of secured debt financing in our consolidated balance sheet following the deconsolidation in December 2021 of the net assets of our joint venture which owns a life science property located in Boston, Massachusetts; however, DHC continues to provide certain guaranties on this debt.

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, 2021, 2020 and 2019:

Date			Location			Type of Property			Number of Properties						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, 2021:
We did not acquire any properties during the year ended December 31, 2021.
Acquisitions during the year ended December 31, 2020:
We did not acquire any properties during the year ended December 31, 2020.
Acquisitions during the year ended December 31, 2019:
December 2019			Texas			IL			1						169									$	50,506					$	3,463					$	44,189					$	652					$	2,202					$	—					$	—					$	—

(1)Cash paid plus assumed debt, if any, includes closing costs.

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, 2021:
February 2021						Pennsylvania						Medical Office						1						92,000			sq. ft.						$	9,000					$	(122)
April 2021						Florida						Life Science / Medical Office						4						263,656			sq. ft.						95,500						30,760
																		5															$	104,500					$	30,638
Dispositions during the year ended December 31, 2020:
January 2020						Louisiana						Medical Office						6						40,575			sq. ft.						$	5,925					$	(81)
February 2020						Pennsylvania						Medical Office						1						50,000			sq. ft.						2,900						—
March 2020						Texas						Medical Office						1						70,229			sq. ft.						8,779						2,863
April 2020 (2)						California						IL / AL						3						599			units						47,000						(256)
June 2020						South Carolina						Medical Office						1						49,242			sq. ft.						3,550						—
July 2020						Texas						Medical Office						1						6,849			sq. ft.						2,072						(30)
July 2020						Connecticut						Medical Office						1						32,162			sq. ft.						625						(25)
August 2020 (2)						Mississippi						AL						2						116			units						2,500						(42)
September 2020						Mississippi						Medical Office						1						78,747			sq. ft.						7,250						(114)
October 2020						Various						AL						3						239			units						46,000						4,292
November 2020 (2)						Nebraska						AL						1						131			units						3,000						(26)
December 2020						New York						Medical Office						1						64,060			sq. ft.						3,875						(273)
December 2020						Ohio						Life Science						2						232,016			sq. ft.						7,917						257
December 2020 (2)						Wisconsin						SNF / AL						3						537			units						11,500						(303)
																		27															$	152,893					$	6,262
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

(1)Sales price excludes closing costs.

(2)These senior living communities were previously operated by Five Star.

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