2017 Q3 Form 10-Q Financial Statement

#000163297017000135 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $8.488M $214.0K
YoY Change 3866.36%
Cost Of Revenue $2.095M
YoY Change
Gross Profit $6.393M
YoY Change
Gross Profit Margin 75.32%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.305M $40.00K
YoY Change 5662.5%
% of Gross Profit 36.06%
Operating Expenses
YoY Change
Operating Profit -$2.036M
YoY Change
Interest Expense $780.0K $56.00K
YoY Change 1292.86%
% of Operating Profit
Other Income/Expense, Net $780.0K $56.00K
YoY Change 1292.86%
Pretax Income $754.0K
YoY Change
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $754.0K -$2.092M
YoY Change -136.04%
Net Earnings / Revenue 8.88% -977.57%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 2.844M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.397M $2.575M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $37.64M $6.866M
YoY Change 448.14%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $371.5M $65.66M
YoY Change 465.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $65.37M $22.70M
YoY Change 187.96%
SHAREHOLDERS EQUITY
Retained Earnings -$16.77M -$3.453M
YoY Change 385.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.95M
YoY Change
Total Liabilities & Shareholders Equity $371.5M $65.66M
YoY Change 465.85%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $754.0K -$2.092M
YoY Change -136.04%
Depreciation, Depletion And Amortization $2.305M $40.00K
YoY Change 5662.5%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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gahr Reclassificationof Noncontrolling Interest
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gahr Reclassificationof Noncontrolling Interest
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2000 USD
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DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
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2017
dei Document Period End Date
DocumentPeriodEndDate
2017-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001632970
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Incorporation Date Of Incorporation
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2015-01-23
dei Entity Registrant Name
EntityRegistrantName
Griffin-American Healthcare REIT IV, Inc.
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gahr4
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gahr Dealer Manager Fees
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gahr Numberof Acquisitions Completedfrom Unaffiliated Parties
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gahr Stockholder Servicing Fee Incurred
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22000 USD
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CY2017Q3 us-gaap Deferred Costs Leasing Net
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134000 USD
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1330000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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105000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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305000 USD
us-gaap Increase Decrease In Restricted Cash
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0 USD
us-gaap Increase Decrease In Restricted Cash
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16000 USD
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943000 USD
CY2017Q3 us-gaap Deferred Finance Costs Net
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710000 USD
CY2016Q4 us-gaap Deferred Rent Receivables Net
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207000 USD
CY2016Q3 us-gaap Depreciation
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40000 USD
us-gaap Depreciation
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40000 USD
CY2017Q3 us-gaap Depreciation
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2305000 USD
us-gaap Depreciation
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5110000 USD
CY2016Q3 us-gaap Depreciation And Amortization
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64000 USD
us-gaap Depreciation And Amortization
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64000 USD
CY2017Q3 us-gaap Depreciation And Amortization
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3442000 USD
us-gaap Depreciation And Amortization
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7619000 USD
us-gaap Depreciation Depletion And Amortization
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64000 USD
us-gaap Depreciation Depletion And Amortization
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7619000 USD
us-gaap Dividends Common Stock
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10705000 USD
us-gaap Dividends Common Stock Cash
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598000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
228000 USD
CY2017Q3 us-gaap Dividends Payable Current And Noncurrent
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1739000 USD
CY2016Q4 us-gaap Due To Affiliate Current And Noncurrent
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5531000 USD
CY2017Q3 us-gaap Due To Affiliate Current And Noncurrent
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8065000 USD
CY2016Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
5531000 USD
CY2017Q3 us-gaap Due To Related Parties Current And Noncurrent
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8065000 USD
CY2016Q4 us-gaap Earnest Money Deposits
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200000 USD
CY2017Q3 us-gaap Earnest Money Deposits
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5021000 USD
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.62
us-gaap Earnings Per Share Basic And Diluted
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CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
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P28Y7M6D
us-gaap Finite Lived Intangible Asset Useful Life
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P19Y7M6D
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FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
19734000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1310000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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3466000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3862000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4400000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4863000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
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37635000 USD
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329000 USD
us-gaap General And Administrative Expense
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725000 USD
CY2017Q3 us-gaap General And Administrative Expense
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1296000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2996000 USD
us-gaap Income Taxes Paid
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0 USD
us-gaap Income Taxes Paid
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7000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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80000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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362000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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449000 USD
CY2017Q3 us-gaap Line Of Credit
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26000000 USD
CY2017Q3 us-gaap Line Of Credit
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26000000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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19673000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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4821000 USD
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37635000 USD
CY2016Q3 us-gaap Interest Expense
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56000 USD
us-gaap Interest Expense
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56000 USD
CY2016Q3 us-gaap Line Of Credit Facility Collateral
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750000000
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780000 USD
us-gaap Interest Expense
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1607000 USD
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1000 USD
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0 USD
us-gaap Interest And Other Income
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1000 USD
us-gaap Interest Paid
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1356000 USD
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50501000 USD
CY2016Q4 us-gaap Line Of Credit
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33900000 USD
CY2016Q4 us-gaap Line Of Credit
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33900000 USD
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0.9999
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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0.9999
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65365000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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142758000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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371512000 USD
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3 State
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1063000 USD
CY2016 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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0.0001
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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0.0001
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1822000 USD
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312000 USD
us-gaap Operating Leases Income Statement Lease Revenue
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338000 USD
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CY2016Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
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33899000 USD
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25998000 USD
CY2017Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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100000000 USD
CY2016Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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66100000 USD
CY2017Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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74000000 USD
CY2016Q4 us-gaap Loans Payable Fair Value Disclosure
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4131000 USD
CY2017Q3 us-gaap Loans Payable Fair Value Disclosure
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11950000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2492000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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314000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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8035000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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407000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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386000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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84000 USD
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0.0001
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0.0001
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0.9999
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0.9999
us-gaap Net Cash Provided By Used In Financing Activities
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215429000 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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8849000 USD
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us-gaap Net Income Loss
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0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
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0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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8000000 USD
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144000 USD
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213000 USD
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106000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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545000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
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75000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
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803000 USD
us-gaap Operating Leases Income Statement Lease Revenue
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18738000 USD
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2015-02-06
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1407000 USD
CY2016Q4 us-gaap Other Assets
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1407000 USD
CY2017Q3 us-gaap Other Assets
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4142000 USD
CY2017Q3 us-gaap Other Assets
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4142000 USD
CY2016Q4 us-gaap Other Liabilities
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616000 USD
CY2017Q3 us-gaap Other Liabilities
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786000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2016Q3 us-gaap Owned Property Management Costs
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98000 USD
us-gaap Owned Property Management Costs
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121000 USD
CY2017Q3 us-gaap Owned Property Management Costs
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2095000 USD
us-gaap Owned Property Management Costs
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4893000 USD
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2000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3000 USD
CY2017Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
4000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
8000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
us-gaap Payments For Capital Improvements
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18000 USD
us-gaap Payments For Capital Improvements
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845000 USD
us-gaap Payments For Repurchase Of Common Stock
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178000 USD
us-gaap Payments Of Dividends Common Stock
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148000 USD
us-gaap Payments Of Dividends Common Stock
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4006000 USD
us-gaap Payments Of Financing Costs
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1027000 USD
us-gaap Payments Of Stock Issuance Costs
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13673000 USD
us-gaap Payments To Acquire Real Estate
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55619000 USD
us-gaap Payments To Acquire Real Estate
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215738000 USD
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0
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
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200000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
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PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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PreferredStockSharesOutstanding
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
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257000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets
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1968000 USD
us-gaap Proceeds From Issuance Of Common Stock
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52484000 USD
us-gaap Proceeds From Issuance Of Common Stock
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241647000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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796000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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6288000 USD
us-gaap Proceeds From Lines Of Credit
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12000000 USD
us-gaap Proceeds From Lines Of Credit
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192600000 USD
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us-gaap Profit Loss
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CY2017Q3 us-gaap Profit Loss
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754000 USD
us-gaap Profit Loss
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1290000 USD
us-gaap Provision For Doubtful Accounts
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0 USD
us-gaap Provision For Doubtful Accounts
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94000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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822000 USD
CY2017Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
5925000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
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118764000 USD
CY2017Q3 us-gaap Real Estate Investment Property At Cost
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324867000 USD
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117942000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
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117942000 USD
CY2017Q3 us-gaap Real Estate Investment Property Net
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318942000 USD
CY2017Q3 us-gaap Real Estate Investment Property Net
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318942000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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0 USD
CY2016Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
2000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
2000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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2000 USD
CY2017Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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2000 USD
CY2017Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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2000 USD
CY2016Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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2331000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
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5500000 USD
CY2017Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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2856000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
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12633000 USD
us-gaap Repayments Of Lines Of Credit
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200500000 USD
us-gaap Repayments Of Secured Debt
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19000 USD
us-gaap Repayments Of Secured Debt
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189000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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0 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
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16000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q3 us-gaap Revenues
Revenues
214000 USD
us-gaap Revenues
Revenues
217000 USD
CY2017Q3 us-gaap Revenues
Revenues
6393000 USD
us-gaap Revenues
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13845000 USD
CY2015Q4 us-gaap Secured Debt
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0 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
3847000 USD
CY2016Q4 us-gaap Secured Debt
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3965000 USD
CY2016Q4 us-gaap Secured Debt
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3965000 USD
CY2017Q3 us-gaap Secured Debt
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11639000 USD
CY2017Q3 us-gaap Secured Debt
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11639000 USD
us-gaap Share Based Compensation
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66000 USD
us-gaap Share Based Compensation
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100000 USD
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0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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10.00
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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12000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
27000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.00
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
7500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
10.00
us-gaap Stock Issued1
StockIssued1
222000 USD
us-gaap Stock Issued1
StockIssued1
5492000 USD
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
668035 shares
CY2016 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
83717 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
668035 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
222000 USD
CY2017Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
2618000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
5492000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
53503000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
241435000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
45000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
178000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
202000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42954000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
92255000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
306145000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-33000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-1124000 USD
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3357979 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1345578 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32593321 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23827175 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1. Organization and Description of Business</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:10px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Griffin-American Healthcare REIT IV, Inc., a Maryland corporation, was incorporated on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">January&#160;23, 2015</font><font style="font-family:inherit;font-size:10pt;"> and therefore we consider that our date of inception. We were initially capitalized on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">February&#160;6, 2015</font><font style="font-family:inherit;font-size:10pt;">. We invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings, hospitals, skilled nursing facilities, senior housing and other healthcare-related facilities. We may also originate and acquire secured loans and real estate-related investments on an infrequent and opportunistic basis. We generally seek investments that produce current income. We qualified to be taxed as a real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Code, for federal income tax purposes beginning with our taxable year ended December 31, 2016, and we intend to continue to qualify to be taxed as a REIT.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 16, 2016, we commenced our initial public offering, or our offering, in which we were offering to the public up to </font><font style="font-family:inherit;font-size:10pt;">$3,150,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of our Class T common stock, consisting of up to </font><font style="font-family:inherit;font-size:10pt;">$3,000,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of our Class T common stock at a price of </font><font style="font-family:inherit;font-size:10pt;">$10.00</font><font style="font-family:inherit;font-size:10pt;"> per share in our primary offering and up to </font><font style="font-family:inherit;font-size:10pt;">$150,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of our Class T common stock for </font><font style="font-family:inherit;font-size:10pt;">$9.50</font><font style="font-family:inherit;font-size:10pt;"> per share pursuant to our distribution reinvestment plan, as amended, or the DRIP. Effective June 17, 2016, we reallocated certain of the unsold shares of Class T common stock being offered and began offering shares of Class I common stock, such that we are currently offering up to approximately </font><font style="font-family:inherit;font-size:10pt;">$2,800,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of Class T common stock and </font><font style="font-family:inherit;font-size:10pt;">$200,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of Class I common stock in our primary offering, and up to an aggregate of </font><font style="font-family:inherit;font-size:10pt;">$150,000,000</font><font style="font-family:inherit;font-size:10pt;"> in shares of our Class T and Class I common stock pursuant to the DRIP, aggregating up to </font><font style="font-family:inherit;font-size:10pt;">$3,150,000,000</font><font style="font-family:inherit;font-size:10pt;">. The shares of our Class T common stock in our primary offering are being offered at a price of </font><font style="font-family:inherit;font-size:10pt;">$10.00</font><font style="font-family:inherit;font-size:10pt;"> per share. The shares of our Class I common stock in our primary offering were being offered at a price of </font><font style="font-family:inherit;font-size:10pt;">$9.30</font><font style="font-family:inherit;font-size:10pt;"> per share prior to March 1, 2017, and are being offered at a price of </font><font style="font-family:inherit;font-size:10pt;">$9.21</font><font style="font-family:inherit;font-size:10pt;"> per share for all shares issued effective March 1, 2017. The shares of our Class T and Class I common stock issued pursuant to the DRIP were sold at a price of </font><font style="font-family:inherit;font-size:10pt;">$9.50</font><font style="font-family:inherit;font-size:10pt;"> per share prior to January 1, 2017, and are sold at a price of </font><font style="font-family:inherit;font-size:10pt;">$9.40</font><font style="font-family:inherit;font-size:10pt;"> per share for all shares issued pursuant to the DRIP effective January 1, 2017. After our board of directors determines an estimated net asset value, or NAV, per share of our common stock, share prices are expected to be adjusted to reflect the estimated NAV per share and, in the case of shares offered pursuant to our primary offering, up-front selling commissions and dealer manager fees other than those funded by Griffin-American Healthcare REIT IV Advisor, LLC, or Griffin-American Healthcare REIT IV Advisor, or our advisor. We reserve the right to reallocate the shares of common stock we are offering between the primary offering and the DRIP, and among classes of stock. As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, we had received and accepted subscriptions in our offering for </font><font style="font-family:inherit;font-size:10pt;">35,522,410</font><font style="font-family:inherit;font-size:10pt;"> aggregate shares of our Class T and Class I common stock, or approximately </font><font style="font-family:inherit;font-size:10pt;">$353,510,000</font><font style="font-family:inherit;font-size:10pt;">, excluding shares of our common stock issued pursuant to the DRIP.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We conduct substantially all of our operations through Griffin-American Healthcare REIT IV Holdings, LP, or our operating partnership. We are externally advised by our advisor pursuant to an advisory agreement, or the Advisory Agreement, between us and our advisor. The Advisory Agreement was effective as of February 16, 2016 and had a&#160;</font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year term, subject to successive&#160;</font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year renewals upon the mutual consent of the parties.&#160;The Advisory Agreement was renewed pursuant to the mutual consent of the parties on February 13, 2017 and expires on February 16, 2018. Our advisor uses its best efforts, subject to the oversight and review of our board of directors, to, among other things, research, identify, review and make investments in and dispositions of properties and securities on our behalf consistent with our investment policies and objectives. Our advisor performs its duties and responsibilities under the Advisory Agreement as our fiduciary. Our advisor is </font><font style="font-family:inherit;font-size:10pt;">75.0%</font><font style="font-family:inherit;font-size:10pt;"> owned and managed by American Healthcare Investors, LLC, or American Healthcare Investors, and </font><font style="font-family:inherit;font-size:10pt;">25.0%</font><font style="font-family:inherit;font-size:10pt;"> owned by a wholly owned subsidiary of Griffin Capital Company, LLC, or Griffin Capital (formerly known as Griffin Capital Corporation), or collectively, our co-sponsors. American Healthcare Investors is </font><font style="font-family:inherit;font-size:10pt;">47.1%</font><font style="font-family:inherit;font-size:10pt;"> owned by AHI Group Holdings, LLC, or AHI Group Holdings, </font><font style="font-family:inherit;font-size:10pt;">45.1%</font><font style="font-family:inherit;font-size:10pt;"> indirectly owned by Colony NorthStar, Inc. (NYSE: CLNS), or Colony NorthStar (formerly known as NorthStar Asset Management Group Inc. prior to its merger with Colony Capital, Inc. and NorthStar Realty Finance Corp. on January 10, 2017), and </font><font style="font-family:inherit;font-size:10pt;">7.8%</font><font style="font-family:inherit;font-size:10pt;"> owned by James F. Flaherty III, a former partner of Colony NorthStar. We are not affiliated with Griffin Capital, Griffin Capital Securities, LLC, or our dealer manager, Colony NorthStar or Mr. Flaherty; however, we are affiliated with Griffin-American Healthcare REIT IV Advisor, American Healthcare Investors and AHI Group Holdings.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We currently operate through two reportable business segments &#8212; medical office buildings and senior housing. As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, we had completed </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> real estate acquisitions whereby we owned </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> properties, comprising </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> buildings, or approximately </font><font style="font-family:inherit;font-size:10pt;">1,418,000</font><font style="font-family:inherit;font-size:10pt;"> square feet of gross leasable area, or GLA, for an aggregate contract purchase price of </font><font style="font-family:inherit;font-size:10pt;">$356,640,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:10px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as the disclosure of contingent assets and liabilities, at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in material adverse ways, and those estimates could be different under different assumptions or conditions.</font></div></div>

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