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Real Estate Investments (Tables) | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Schedule of Equity Method Investments | As of December 31, 2022, we had equity investments in joint ventures as follows:
Joint Venture |  | DHC Ownership |  | DHC Carrying Value of Investment at December 31, 2022 |  | Number of Properties |  | Location |  | Square Feet
Seaport Innovation LLC |  | 10% |  | $ | 104,697 |  |  | 1 |  | MA |  | 1,134,479 |
The LSMD Fund REIT LLC |  | 20% |  | 50,780 |  |  | 10 |  | CA, MA, NY, TX, WA |  | 1,068,763 |
|  |  |  | $ | 155,477 |  |  | 11 |  |  |  | 2,203,242 |
The following table provides a summary of the mortgage debts of these joint ventures:
Joint Venture |  | Coupon Rate |  | Maturity Date |  | Principal Balance at December 31, 2022 (1)
Mortgage Notes Payable (secured by one property in Massachusetts) (2) |  | 3.53% |  | 8/6/2026 |  | $ | 620,000 |
Mortgage Notes Payable (secured by nine properties in five states) |  | 3.46% |  | 2/11/2032 |  | 189,800 |
Mortgage Notes Payable (secured by one property in California) (3) |  | 5.90% |  | 2/9/2024 |  | 266,825 |
Weighted Average / Total |  | 4.10% |  |  |  | $ | 1,076,625 |
(1)Amounts are not adjusted for our minority equity interest. (2)Following the deconsolidation in December 2021 of the net assets of the Seaport JV, we no longer include this $620,000 of secured debt financing in our consolidated balance sheet; however, we continue to provide certain guaranties on this debt. (3)The maturity date of February 9, 2024 is subject to three, one year extension options and requires interest to be paid at an annual rate based on the secured overnight financing rate, or SOFR, plus a premium of 1.90%. The interest rate is as of December 31, 2022. This joint venture has also purchased an interest rate cap through February 2024 with a SOFR strike rate equal to 4.00%.
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, 2022, 2021 and 2020:
Date |  | Location |  | Type of Property |  | Number of Properties |  | Square Feet |  |  | Cash Paid (1) |  | Land |  | Buildings and Improvements |  |  |  | Acquired Real Estate Leases |  |  |  |  |  |
Acquisitions during the year ended December 31, 2022:
July 2022 |  | California |  | Life Science |  | 1 |  | 88,508 |  |  |  | $ | 75,105 |  |  | $ | 15,774 |  |  | $ | 45,249 |  |  |  |  | $ | 14,082 |  |  |  |  |  |  |
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.
(1)Cash paid 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, 2022:
We did not dispose of any properties during the year ended December 31, 2022.
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 |
(1)Sales price excludes closing costs. (2)These senior living communities were previously operated by Five Star.

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