Ownership intelligence/ FAC-HARBORVIEW
Harborview Meadows Care Center
Harborview Meadows Care Center LLC · SNF · 135 beds · CCN 31-DEMO02
Granite Shore Health Properties REIT — lease
ADP — lessor- Annual rent: $1,900,000
- Lease type: triple-net
- Lessor of the facility real property; reported as an ADP
Halcyon Pier Investors LLC — property interest
≥5.00% of property value — disclosed- Holds 8.00% of real-property value (≥5% floor → disclosed)
Shoreline Capital Trust — mortgage / security interest
7.83% ≥ 5.00% — REPORTABLE- Amount currently owed ÷ total property and assets = 7.83%
- Threshold: 5.00%
- Amount currently owed ÷ total property and assets = 7.83% ≥ 5.00% → REPORTABLE; numerator is the amount currently owed (not the original loan); denominator is total property AND assets
The five percent test, worked
Five percent test — the numerator is the amount currently owed, never the original loan; the denominator is total property and assets.
amount currently owed ÷ total property and assets = 7.83%
7.83% ≥ 5.00% → REPORTABLE
7.83% ≥ 5.00% → REPORTABLE
- Result
- 7.83%
- Threshold
- 5.00%
Both source values are retained on the record whichever way the test lands, and the test is re-run at filing.
Percentage reconciliation
Every tier is summed and checked before a chart is drawn. 1 tier does not sum to 100.00%.
Synthetic demonstration data only. Percentages are shown to two decimals; both values in the five percent test are retained whichever way it lands.