REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2015

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	106	11,813	$	1,026,652	$	(166,313	)	$	860,339
Senior Housing	64	6,112	944,831		(32,965		)	911,866
Acute Care Hospitals	2	124	175,807		(14,225		)	161,582
	172	18,049	2,147,290		(213,503		)	1,933,787
Corporate Level			276		(232		)	44
			$	2,147,566	$	(213,735	)	$	1,933,831

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

	June 30, 2015			December 31, 2014
Building and improvements	$	1,833,604		$	1,551,548
Furniture and equipment	95,818			82,812
Land improvements	3,646			3,646
Land	214,498			193,793
	2,147,566			1,831,799
Accumulated depreciation	(213,735		)	(185,994		)
	$	1,933,831		$	1,645,805

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of June 30, 2015, the future minimum rental payments from the Company’s properties under non-cancelable operating leases was as follows (in thousands):

July 1, 2015 through December 31, 2015	$	98,019
2016	201,174
2017	207,060
2018	212,935
2019	219,469
Thereafter	1,457,487
	$	2,396,144