REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

9 Months Ended

Sep. 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 September 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	103	11,400	$	1,007,325	$	(171,379	)	$	835,946
Senior Housing	73	6,481	1,017,927		(39,361		)	978,566
Acute Care Hospitals	2	124	175,807		(15,676		)	160,131
	178	18,005	2,201,059		(226,416		)	1,974,643
Corporate Level			276		(246		)	30
			$	2,201,335	$	(226,662	)	$	1,974,673

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

	September 30, 2015			December 31, 2014
Building and improvements	$	1,883,710		$	1,551,548
Furniture and equipment	97,579			82,812
Land improvements	3,646			3,646
Land	216,400			193,793
	2,201,335			1,831,799
Accumulated depreciation	(226,662		)	(185,994		)
	$	1,974,673		$	1,645,805

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

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

October 1, 2015 through December 31, 2015	$	51,763
2016	210,563
2017	216,309
2018	222,042
2019	228,452
Thereafter	1,537,321
	$	2,466,450