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REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)
 3 Months Ended
Mar. 31, 2015
Real Estate Investments, Net [Abstract]  
Schedule of 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, 2015 (1) 
Property Type
 
Number of
Properties
 
Number of
Beds/Units
 
Total
Real Estate
at Cost
 
Accumulated
Depreciation
 
Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care
 
104

 
11,396

 
$
855,049

 
$
(159,647
)
 
$
695,402

Senior Housing
 
54

 
5,198

 
801,350

 
(27,127
)
 
774,223

Acute Care Hospitals
 
2

 
124

 
175,807

 
(12,775
)
 
163,032

 
 
160

 
16,718

 
1,832,206

 
(199,549
)
 
1,632,657

Corporate Level
 
 
 
 
 
268

 
(218
)
 
50

 
 
 
 
 
 
$
1,832,474

 
$
(199,767
)
 
$
1,632,707

(1) During the three months ended March 31, 2015, Genesis converted one senior housing facility in Kentucky into a skilled nursing/transitional care facility.
As of December 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/Transitional Care
 
103

 
11,336

 
$
851,252

 
$
(151,978
)
 
$
699,274

Senior Housing
 
55

 
5,258

 
804,475

 
(22,487
)
 
781,988

Acute Care Hospitals
 
2

 
124

 
175,807

 
(11,324
)
 
164,483

 
 
160

 
16,718

 
1,831,534

 
(185,789
)
 
1,645,745

Corporate Level
 
 
 
 
 
265

 
(205
)
 
60

 
 
 
 
 
 
$
1,831,799

 
$
(185,994
)
 
$
1,645,805


 
March 31, 2015
 
December 31, 2014
Building and improvements
$
1,552,220

 
$
1,551,548

Furniture and equipment
82,815

 
82,812

Land improvements
3,646

 
3,646

Land
193,793

 
193,793

 
1,832,474

 
1,831,799

Accumulated depreciation
(199,767
)
 
(185,994
)
 
$
1,632,707

 
$
1,645,805
Schedule of Future Minimum Rental Payments Receivable for Operating Leases
As of March 31, 2015, the future minimum rental payments from the Company’s properties under non-cancelable operating leases was as follows (in thousands):
April 1, 2015 through December 31, 2015
$
131,801

2016
180,904

2017
185,745

2018
190,603

2019
196,153

Thereafter
1,237,606

 
$
2,122,812