ADDED
The Advisory Agreement was renewed for 2026 with the same terms as the Advisory Agreement in place during 2025, 2024 and 2023.
As of December 31, 2025, we had investments in four jointly-owned LLCs/LPs.
We invest in healthcare and human service related facilities currently including acute care hospitals, behavioral health care hospitals, specialty facilities, free-standing emergency departments, childcare centers and medical/office buildings.
Overview of Facilities As of February 25, 2026, we have investments in seventy-seven facilities located in twenty-one states and consisting of the following: 1 Facility Name Location Type of Facility Ownership Guarantor McAllen Medical Center (A) McAllen, TX Acute Care 100% Universal Health Services, Inc.
Clive Behavioral Health (I) Clive, IA Behavioral Health 100% Universal Health Services, Inc.
Bell (E) Phoenix, AZ MOB 100% -- Lake Pointe Medical Arts Building (E) Rowlett, TX MOB 100% -- Forney Medical Plaza (E) Forney, TX MOB 100% -- Tuscan Professional Building (E) Irving, TX MOB 100% -- Dunwoody Building (K) Atlanta, GA MOB 100% -- PeaceHealth Medical Clinic (E) Bellingham, WA MOB 100% -- Forney Medical Plaza II (C) Forney, TX MOB 95% -- Northwest Texas Professional Office Tower (F) Amarillo, TX MOB 100% -- 5004 Poole Road MOB (A) Denison, TX MOB 100% -- Ward Eagle Office Village (E) Farmington Hills, MI MOB 100% -- The Northwest Med.
Palm Beach Gardens Medical Plaza I (L) Palm Beach Gardens, FL MOB 100% -- (A) Real estate assets owned by us and leased to subsidiaries of Universal Health Services, Inc.
(F) The building has been vacant since October 31, 2025 upon the expiration of the previous tenant's lease term and is being marketed.
(K) The building has been vacant since May 31, 2025 upon the expiration of the previous tenant's lease term.
In November 2025, a new tenant executed a 15.3 year lease for the building which is scheduled to commence on August 1, 2026 (with expiration on December 1, 2041), pending completion of tenant improvements and issuance of certificate of occupancy.
REMOVED
The Advisory Agreement was renewed for 2025 with the same terms as the Advisory Agreement in place during 2024, 2023 and 2022.
As of December 31, 2024, we had investments in four jointly-owned LLCs/LPs.
We invest in healthcare and human-service related facilities currently including acute care hospitals, behavioral health care hospitals, a specialty facility, free-standing emergency departments, childcare centers and medical/office buildings.
As of February 26, 2025, we have seventy-six real estate investments or commitments located in twenty-one states in the United States consisting of: (i) six hospital facilities including three acute care and three behavioral health care; (ii) sixty medical/office buildings; (iii) four free-standing emergency departments ( FEDs ); (iv) four preschool and childcare centers; (v) one specialty facility located in Evansville, Indiana, that is currently vacant, and; (vi) one property comprised of vacant land located in Chicago, Illinois.
Overview of Facilities As of February 26, 2025, we have investments in seventy-six facilities located in twenty-one states and consisting of the following: Facility Name Location Type of Facility Ownership Guarantor McAllen Medical Center (A) McAllen, TX Acute Care 100% Universal Health Services, Inc.
Clive Behavioral Health (J) Clive, IA Behavioral Health 100% Universal Health Services, Inc.
(A) Real estate assets owned by us and leased to subsidiaries of Universal Health Services, Inc.
(F) This property was acquired during the third quarter of 2023 and is 100% master leased to McAllen Hospitals, L.P, a wholly-owned subsidiary of UHS.
(I) The MOB is located on the campus of the Northern Nevada Sierra Medical Center, an acute care hospital that is owned and operated by a wholly-owned subsidiary of UHS.
In connection with this MOB, we entered into a ground lease and master flex-lease agreements with a wholly-owned subsidiary of UHS.