REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 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 December 31, 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	11,515	$	1,051,189	$	(174,662	)	$	876,527
Senior Housing	75	6,710	1,050,162		(45,800		)	1,004,362
Acute Care Hospitals	2	124	175,807		(17,127		)	158,680
	180	18,349	2,277,158		(237,589		)	2,039,569
Corporate Level			299		(252		)	47
			$	2,277,457	$	(237,841	)	$	2,039,616

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

	December 31, 2015			December 31, 2014
Building and improvements	$	1,947,190		$	1,551,548
Furniture and equipment	97,840			82,812
Land improvements	10,533			3,646
Land	221,894			193,793
	2,277,457			1,831,799
Accumulated depreciation	(237,841		)	(185,994		)
	$	2,039,616		$	1,645,805

Schedule of Future Minimum Rental Payments from Non-cancelable Operating Leases

As of December 31, 2015, the future minimum rental payments from the Company’s properties under non-cancelable operating leases was as follows (in thousands):

2016	$	212,520
2017	218,216
2018	223,982
2019	230,426
2020	236,725
Thereafter	1,338,519
	$	2,460,388