REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

6 Months Ended

Jun. 30, 2016

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, 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	11,545	$	1,043,771	$	(188,108	)	$	855,663
Senior Housing	75	6,775	1,061,131		(60,462		)	1,000,669
Acute Care Hospital	1	70	61,640		(9,464		)	52,176
	178	18,390	2,166,542		(258,034		)	1,908,508
Corporate Level			402		(243		)	159
			$	2,166,944	$	(258,277	)	$	1,908,667

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

	June 30, 2016			December 31, 2015
Building and improvements	$	1,864,232		$	1,954,129
Furniture and equipment	82,217			97,840
Land improvements	3,888			3,594
Land	216,607			221,894
	2,166,944			2,277,457
Accumulated depreciation	(258,277		)	(237,841		)
	$	1,908,667		$	2,039,616

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of June 30, 2016, the future minimum rental payments from the Company’s properties held for investment under non-cancelable operating leases was as follows (in thousands):

July 1, 2016 through December 31, 2016	$	101,102
2017	206,293
2018	211,753
2019	217,878
2020	223,849
Thereafter	1,175,118
	$	2,135,993