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Real Estate Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
Real Estate [Abstract] |
Schedule of Joint Ventures | As of June 30, 2023, we had equity investments in joint ventures as follows:
Joint Venture |  | DHC Ownership |  | DHC Carrying Value of Investment at June 30, 2023 |  | Number of Properties |  | Location |  | Square Feet
Seaport Innovation LLC |  | 10% |  | $ | 106,305 |  |  | 1 |  | MA |  | 1,134,479 |
The LSMD Fund REIT LLC |  | 20% |  | 48,814 |  |  | 10 |  | CA, MA, NY, TX, WA |  | 1,068,763 |
|  |  |  | $ | 155,119 |  |  | 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 June 30, 2023 (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) |  | 3.46% |  | 2/11/2032 |  | 189,800 |
Mortgage Notes Payable (secured by one property in California) (3) (4) |  | 5.90% |  | 2/9/2024 |  | 266,825 |
|  | 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 an unconsolidated joint venture that owns a life science property located in Boston, Massachusetts, or the Seaport JV, we no longer include this $620,000 of secured debt financing in our condensed consolidated balance sheet; however, we continue to provide certain guaranties on this debt. (3)The debt securing these properties is non-recourse to us. (4)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 June 30, 2023. This joint venture has also purchased an interest rate cap through February 2024 with a SOFR strike rate equal to 4.00%.
Schedule of Disposal Groups |
Date of Sale |  | Location |  | Type of Property |  | Number of Properties |  |  |  |  | Sales Price (1) |  | Gain on Sale |  |
February 2023 |  | Pennsylvania and South Carolina |  | Senior Living |  | 3 |  |  |  |  | $ | 2,800 |  |  | $ | 293 |  |  |
(1)Sales price excludes closing costs. As of June 30, 2023, we had four properties classified as held for sale in our condensed consolidated balance sheet as follows:
Type of Property |  | Number of Properties |  | Real Estate Properties, Net |  |
Life Science and Medical Office |  | 4 |  | $ | 21,786 |  |  |

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