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

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019, net property, plant and equipment and leasehold intangibles, which include assets under financing leases, consisted of the following:

	As of December 31,
(in thousands)	2020		2019
Land	$	505,298	$	450,894
Buildings and improvements	5,215,460		4,790,769
Furniture and equipment	945,783		859,849
Resident and leasehold operating intangibles	307,071		317,111
Construction in progress	61,491		80,729
Assets under financing leases and leasehold improvements	1,523,055		1,847,493
Property, plant and equipment and leasehold intangibles	8,558,158		8,346,845
Accumulated depreciation and amortization	(3,490,098)		(3,237,011)
Property, plant and equipment and leasehold intangibles, net	$	5,068,060	$	5,109,834