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REAL ESTATE INVESTMENTS (Tables)
 9 Months Ended
Sep. 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 September 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

 
$
712,386

 
$
(118,949
)
 
$
593,437

Senior Housing
 
11

 
1,070

 
89,853

 
(9,494
)
 
80,359

Acute Care Hospital
 
1

 
70

 
61,640

 
(2,539
)
 
59,101

 
 
105

 
11,689

 
863,879

 
(130,982
)
 
732,897

Corporate Level
 
 
 
 
 
246

 
(89
)
 
157

 
 
 
 
 
 
$
864,125

 
$
(131,071
)
 
$
733,054

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

 
September 30, 2012 (1)
 
December 31, 2011
Building and improvements
$
704,277

 
$
626,877

Furniture and equipment
46,889

 
44,045

Land improvements
4,640

 
4,640

Land
108,319

 
91,731

 
864,125

 
767,293

Accumulated depreciation
(131,071
)
 
(108,916
)
 
$
733,054

 
$
658,377

(1) As of September 30, 2012, the purchase price allocations for acquisitions completed during the three months ended September 30, 2012 are preliminary pending the receipt of information necessary to complete the valuation of certain tangible and intangible assets and liabilities and therefore are subject to change.
Schedule of Future Minimum Rental Payments Receivable for Operating Leases
As of September 30, 2012, the future minimum rental income from the Company’s properties under non-cancelable operating leases is as follows (in thousands):
October 1, 2012 through December 31, 2012
$
26,302

2013
105,210

2014
105,210

2015
105,210

2016
105,210

Thereafter
733,959

 
$
1,181,101