How to retrieve select_tree taxonomy values

I declared a taxonomy metabox field like so:

// TAXONOMY - Neighborhood
			array(
				'name'			=> __( 'Neighborhood', 'meta-box' ),
				'id'			=> "{$prefix}neighborhood",
				'type'			=> 'taxonomy',
				'columns'		=> 4,
                'tab'			=> 'summary',
				'options'		=> array(
					// Taxonomy name
					'taxonomy'	=> 'neighborhood',
					// How to show taxonomy: 'checkbox_list' (default) or 'checkbox_tree', 'select_tree', select_advanced or 'select'. Optional
					'type'		=> 'select_tree',
					// Additional arguments for get_terms() function. Optional
					'args'		=> array()
				),
),

And I am accessing the named vars within it like so:

$neighborhood = rwmb_meta('sg_neighborhood', 'type=taxonomy&taxonomy=neighborhood');

foreach ($neighborhood as $term) {
	$desc = $term->description;
	$hood = $term->name;
	$prnt = $term->parent;
}
echo $hood . ', ' . $prnt;

Which results in:

http://cl.ly/image/2B0N1i082h3E

I have my neighborhoods taxonomy set up as parent > child, but when I dump the array they show as siblings. And the result of echo $hood is always the last $term->name
Results of var_dump($neighborhoods);

array(2) {
  [0]=>
  object(stdClass)#2507 (10) {
    ["term_id"]=>
    int(1237)
    ["name"]=>
    string(8) "Belltown"
    ["slug"]=>
    string(8) "belltown"
    ["term_group"]=>
    int(0)
    ["term_taxonomy_id"]=>
    int(1347)
    ["taxonomy"]=>
    string(12) "neighborhood"
    ["description"]=>
    string(0) ""
    ["parent"]=>
    int(1236)
    ["count"]=>
    int(25)
    ["filter"]=>
    string(3) "raw"
  }
  [1]=>
  object(stdClass)#2672 (10) {
    ["term_id"]=>
    int(1236)
    ["name"]=>
    string(16) "Downtown Seattle"
    ["slug"]=>
    string(16) "downtown-seattle"
    ["term_group"]=>
    int(0)
    ["term_taxonomy_id"]=>
    int(1358)
    ["taxonomy"]=>
    string(12) "neighborhood"
    ["description"]=>
    string(0) ""
    ["parent"]=>
    int(0)
    ["count"]=>
    int(51)
    ["filter"]=>
    string(3) "raw"
  }
}

Here is how it looks in the editor:

And the code behind:

Thanks for any help