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

12 Months Ended

Dec. 31, 2019

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 – 10
Resident lease intangibles	1 – 3

As of December 31, 2019 and 2018, net property, plant and equipment and leasehold intangibles, which include assets under financing leases, consisted of the following:

	As of December 31,
(in thousands)	2019			2018
Land	$	450,894		$	455,623
Buildings and improvements	4,790,769			4,749,877
Furniture and equipment	859,849			805,190
Resident and leasehold operating intangibles	317,111			477,827
Construction in progress	80,729			57,636
Assets under financing leases and leasehold improvements	1,847,493			1,776,649
Property, plant and equipment and leasehold intangibles	8,346,845			8,322,802
Accumulated depreciation and amortization	(3,237,011		)	(3,047,375		)
Property, plant and equipment and leasehold intangibles, net	$	5,109,834		$	5,275,427