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REAL ESTATE INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2012
Real Estate Investments, Net [Abstract]  
Schedule of Real Estate Properties
The Company’s investments in real estate consisted of the following (dollars in thousands):
As of June 30, 2012
Property Type
 
Number of
Properties
 
Number of
Beds/Units
 
Total
Real Estate
at Cost
 
Accumulated
Depreciation
 
Total
Real Estate
Investments, Net
Skilled Nursing/Post-Acute
 
93

 
10,549

 
$
712,458

 
$
(112,476
)
 
$
599,982

Senior Housing
 
9

 
773

 
47,892

 
(9,021
)
 
38,871

Acute Care Hospital
 
1

 
70

 
61,640

 
(2,077
)
 
59,563

 
 
103

 
11,392

 
821,990

 
(123,574
)
 
698,416

Corporate Level
 
 
 
 
 
239

 
(77
)
 
162

 
 
 
 
 
 
$
822,229

 
$
(123,651
)
 
$
698,578

As of December 31, 2011
Property Type
 
Number of
Properties
 
Number of
Beds/Units
 
Total
Real Estate
at Cost
 
Accumulated
Depreciation
 
Total
Real Estate
Investments, Net
Skilled Nursing/Post-Acute
 
87

 
10,034

 
$
658,222

 
$
(99,570
)
 
$
558,652

Senior Housing
 
9

 
773

 
47,192

 
(8,140
)
 
39,052

Acute Care Hospital
 
1

 
70

 
61,640

 
(1,154
)
 
60,486

 
 
97

 
10,877

 
767,054

 
(108,864
)
 
658,190

Corporate Level
 
 
 
 
 
239

 
(52
)
 
187

 
 
 
 
 
 
$
767,293

 
$
(108,916
)
 
$
658,377

 
June 30, 2012
 
December 31, 2011
Building and improvements
$
670,605

 
$
626,877

Furniture and equipment
46,043

 
44,045

Land improvements
4,640

 
4,640

Land
100,941

 
91,731

 
822,229

 
767,293

Accumulated depreciation
(123,651
)
 
(108,916
)
 
$
698,578

 
$
658,377


Op
Schedule of Future Minimum Rental Payments Receivable for Operating Leases
As of June 30, 2012, the future minimum rental income from the Company’s properties under non-cancelable operating leases is as follows (in thousands):
July 1, 2012 through December 31, 2012
$
50,633

2013
101,267

2014
101,267

2015
101,267

2016
101,267

Thereafter
711,325

 
$
1,167,026