Schedule of Operating Real Estate |
The following table presents operating real estate, net as of September 30, 2017 and December 31, 2016 (dollars in thousands): | | | | | | | | | | | | September 30, 2017 (Unaudited) | | December 31, 2016 | Land | | $ | 289,561 |
| | $ | 221,353 |
| Land improvements | | 10,121 |
| | 9,462 |
| Buildings and improvements | | 1,587,771 |
| | 1,329,118 |
| Tenant improvements | | 8,332 |
| | 5,172 |
| Construction in progress | | 5,090 |
| | 3,509 |
| Furniture and fixtures | | 68,605 |
| | 63,539 |
| Subtotal | | 1,969,480 |
| | 1,632,153 |
| Less: Accumulated depreciation | | (99,385 | ) | | (60,173 | ) | Operating real estate, net | | $ | 1,870,095 |
| | $ | 1,571,980 |
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Schedule of Operating Real Estate Acquisitions |
The following table summarizes operating real estate acquisitions for the nine months ended September 30, 2017 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Acquisition Date | | Type | | Portfolio | | Amount(1) | | Properties | | Units | | Location | | Financing | | Company’s Equity | | Ownership Interest | | Transaction Costs(2) | February 2017 | | Operating Facility | | Bonaventure | | $ | 99,438 |
| | 5 | | 453 | | Various locations | | $ | 72,466 |
| | $ | 28,459 |
| | 100.0% | | $ | 1,042 |
| February 2017 | | Operating Facility | | Oak Cottage | | 19,427 |
| | 1 | | 40 | | Santa Barbara, CA | | 3,500 |
| | 16,191 |
| | 100.0% | | 233 |
| August 2017 | | Operating Facility | | Rochester | | 205,318 |
| | 9 | | 1,307 | | Rochester, NY | | 122,861 |
| | 88,039 |
| | 97.0% | | 3,453 |
| Total | | | | | | $ | 324,183 |
| | 15 | | 1,800 | | | | $ | 198,827 |
| | $ | 132,689 |
| | | | $ | 4,728 |
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_______________________________________ | | (1) | Represents the purchase price, including deferred costs and other assets, and may be adjusted upon completion of the final purchase price allocation, which will not be later than one year from the date of acquisition. Includes cost associated with purchased land parcels that are not included in the properties count. |
| | (2) | Includes $0.2 million of transaction costs expensed during the year ended December 31, 2016 related to the Bonaventure portfolio. |
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