Schedule of Segment Reporting Information, by Segment |
Summary information for the reportable segments during the three and six months ended June 30, 2017 and 2016 was as follows: | | | | | | | | | | | | | |
|
| Medical Office Buildings |
| Senior Housing |
| Three Months Ended June 30, 2017 | Revenue: |
|
|
|
|
|
| Real estate revenue |
| $ | 5,455,000 |
|
| $ | 743,000 |
|
| $ | 6,198,000 |
| Expenses: |
|
|
|
|
|
| Rental expenses |
| 1,534,000 |
|
| 77,000 |
|
| 1,611,000 |
| Segment net operating income |
| $ | 3,921,000 |
|
| $ | 666,000 |
|
| $ | 4,587,000 |
| Expenses: |
|
|
|
|
|
| General and administrative |
|
|
|
|
| $ | 952,000 |
| Acquisition related expenses |
|
|
|
|
| 140,000 |
| Depreciation and amortization |
|
|
|
|
| 2,466,000 |
| Income from operations |
|
|
|
|
| 1,029,000 |
| Other income (expense): |
|
|
|
|
|
| Interest expense (including amortization of deferred financing costs and debt premium) |
|
|
|
|
| (409,000 | ) | Interest income |
|
|
|
|
| 1,000 |
| Net income |
|
|
|
|
| $ | 621,000 |
|
| | | | | | | | | | | | | |
|
| Medical Office Buildings |
| Senior Housing |
| Three Months Ended June 30, 2016 | Revenue: |
|
|
|
|
|
| Real estate revenue |
| $ | 26,000 |
|
| $ | — |
|
| $ | 26,000 |
| Expenses: |
|
|
|
|
|
| Rental expenses |
| 23,000 |
|
| — |
|
| 23,000 |
| Segment net operating income |
| $ | 3,000 |
|
| $ | — |
|
| $ | 3,000 |
| Expenses: | | | | | | | General and administrative |
|
|
|
|
| $ | 246,000 |
| Acquisition related expenses |
|
|
|
|
| 370,000 |
| Net loss |
|
|
|
|
| $ | (613,000 | ) |
| | | | | | | | | | | | | | | | Medical Office Buildings | | Senior Housing | | Six Months Ended June 30, 2017 | Revenue: | | | | | | | Real estate revenue | | $ | 9,126,000 |
| | $ | 1,124,000 |
| | $ | 10,250,000 |
| Expenses: | | | | | | | Rental expenses | | 2,686,000 |
| | 112,000 |
| | 2,798,000 |
| Segment net operating income | | $ | 6,440,000 |
| | $ | 1,012,000 |
| | $ | 7,452,000 |
| Expenses: | | | | | | | General and administrative | | | | | | $ | 1,700,000 |
| Acquisition related expenses | | | | | | 213,000 |
| Depreciation and amortization | | | | | | 4,177,000 |
| Income from operations | | | | | | 1,362,000 |
| Other income (expense): | | | | | | | Interest expense (including amortization of deferred financing costs and debt premium) | | | | | | (827,000 | ) | Interest income | | | | | | 1,000 |
| Net income | | | | | | $ | 536,000 |
|
| | | | | | | | | | | | | | | | Medical Office Buildings | | Senior Housing | | Six Months Ended June 30, 2016 | Revenue: | | | | | | | Real estate revenue | | $ | 26,000 |
| | $ | — |
| | $ | 26,000 |
| Expenses: | | | | | | | Rental expenses | | 23,000 |
| | — |
| | 23,000 |
| Segment net operating income | | $ | 3,000 |
| | $ | — |
| | $ | 3,000 |
| Expenses: | | | | | | | General and administrative | | | | | | $ | 396,000 |
| Acquisition related expenses | | | | | | 370,000 |
| Net loss | | | | | | $ | (763,000 | ) |
|
Reconciliation of Assets from Segment to Consolidated |
Assets by reportable segment as of June 30, 2017 and December 31, 2016 were as follows: | | | | | | | | | | June 30, 2017 | | December 31, 2016 | Medical office buildings | $ | 249,132,000 |
| | $ | 123,223,000 |
| Senior housing | 97,509,000 |
| | 16,758,000 |
| Other | 2,833,000 |
| | 2,777,000 |
| Total assets | $ | 349,474,000 |
| | $ | 142,758,000 |
|
|