Property, Plant and Equipment and Leasehold Intangibles, Net (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets, which are as follows:

Asset Category	Estimated Useful Life (in years)
Buildings and improvements	40
Furniture and equipment	3 – 7
Resident lease intangibles	1 – 3

As of December 31, 2018 and 2017, net property, plant and equipment and leasehold intangibles, which include assets under capital and financing leases, consisted of the following:

	As of December 31,
(in thousands)	2018			2017
Land	$	456,912		$	449,295
Buildings and improvements	4,919,789			4,923,621
Leasehold improvements	123,366			124,850
Furniture and equipment	1,036,113			1,006,889
Resident and leasehold operating intangibles	477,827			594,748
Construction in progress	57,636			74,678
Assets under capital and financing leases	1,251,159			1,742,384
Property, plant and equipment and leasehold intangibles	8,322,802			8,916,465
Accumulated depreciation and amortization	(3,047,375		)	(3,064,320		)
Property, plant and equipment and leasehold intangibles, net	$	5,275,427		$	5,852,145

Resident and Leasehold Operating Intangibles, Future Amortization Expense

Future amortization expense for resident and leasehold operating intangibles is estimated to be as follows (in thousands):

Year Ending December 31,	Future Amortization
2019	$	7,960
2020	2,213
2021	1,310
2022	803
2023	803
Thereafter	2,705
Total	$	15,794