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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting Information Line Items  
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