REAL ESTATE INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	825,011	$	(145,207	)	$	679,804
Senior Housing	26	1,966	205,003		(15,955		)	189,048
Acute Care Hospitals	2	124	175,807		(8,422		)	167,385
	130	13,550	1,205,821		(169,584		)	1,036,237
Corporate Level			254		(179		)	75
			$	1,206,075	$	(169,763	)	$	1,036,312

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



	June 30, 2014			December 31, 2013
Building and improvements	$	1,000,240		$	879,926
Furniture and equipment	57,891			50,567
Land improvements	4,393			4,392
Land	143,551			131,611
	1,206,075			1,066,496
Accumulated depreciation	(169,763		)	(151,078		)
	$	1,036,312		$	915,418

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of June 30, 2014, the future minimum rental payments from the Company’s properties under non-cancelable operating leases were as follows (in thousands):



July 1, 2014 through December 31, 2014	$	67,130
2015	139,039
2016	141,993
2017	145,642
2018	149,414
Thereafter	944,560
	$	1,587,778