REAL ESTATE INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Real Estate Investments, Net [Abstract]

REAL ESTATE PROPERTIES HELD FOR INVESTMENT

The Company’s real estate properties held for investment consisted of the following (dollars in thousands):

As of March 31, 2014



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	102	11,460	$	824,328	$	(138,529	)	$	685,799
Senior Housing	25	1,826	181,544		(14,563		)	166,981
Acute Care Hospitals	2	124	175,807		(6,971		)	168,836
	129	13,410	1,181,679		(160,063		)	1,021,616
Corporate Level			254		(166		)	88
			$	1,181,933	$	(160,229	)	$	1,021,704

As of December 31, 2013



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	96	10,826	$	737,188	$	(132,068	)	$	605,120
Senior Housing	23	1,518	153,247		(13,337		)	139,910
Acute Care Hospitals	2	124	175,807		(5,520		)	170,287
	121	12,468	1,066,242		(150,925		)	915,317
Corporate Level			254		(153		)	101
			$	1,066,496	$	(151,078	)	$	915,418



	March 31, 2014			December 31, 2013
Building and improvements	$	979,097		$	879,926
Furniture and equipment	57,193			50,567
Land improvements	4,392			4,392
Land	141,251			131,611
	1,181,933			1,066,496
Accumulated depreciation	(160,229		)	(151,078		)
	$	1,021,704		$	915,418

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of March 31, 2014, the future minimum rental payments from the Company’s properties under non-cancelable operating leases was as follows (in thousands):



April 1, 2014 through December 31, 2014	$	101,053
2015	138,355
2016	141,204
2017	144,746
2018	148,382
Thereafter	965,518
	$	1,639,258