REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

3 Months Ended

Mar. 31, 2016

Real Estate Investments, Net [Abstract]

Schedule of Real Estate Properties Held for Investment

The Company’s real estate properties held for investment (excluding properties classified as held for sale as of March 31, 2016) consisted of the following (dollars in thousands):

As of March 31, 2016

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	102	11,535	$	1,043,771	$	(180,184	)	$	863,587
Senior Housing	75	6,727	1,060,635		(53,205		)	1,007,430
Acute Care Hospital	1	70	61,640		(9,002		)	52,638
	178	18,332	2,166,046		(242,391		)	1,923,655
Corporate Level			357		(239		)	118
			$	2,166,403	$	(242,630	)	$	1,923,773

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

	March 31, 2016			December 31, 2015
Building and improvements	$	1,863,888		$	1,954,129
Furniture and equipment	82,110			97,840
Land improvements	3,811			3,594
Land	216,594			221,894
	2,166,403			2,277,457
Accumulated depreciation	(242,630		)	(237,841		)
	$	1,923,773		$	2,039,616

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of March 31, 2016, the future minimum rental payments from the Company’s properties held for investment under non-cancelable operating leases was as follows (in thousands):

April 1, 2016 through December 31, 2016	$	187,182
2017	207,388
2018	212,874
2019	219,026
2020	225,025
Thereafter	1,165,259
	$	2,216,754