REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

9 Months Ended

Sep. 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 September 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	11,503	$	1,083,054	$	(194,853	)	$	888,201
Senior Housing	79	7,059	1,127,631		(67,924		)	1,059,707
Acute Care Hospital	1	70	61,640		(9,926		)	51,714
	182	18,632	2,272,325		(272,703		)	1,999,622
Corporate Level			406		(250		)	156
			$	2,272,731	$	(272,953	)	$	1,999,778

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

	September 30, 2016			December 31, 2015
Building and improvements	$	1,962,520		$	1,954,129
Furniture and equipment	85,423			97,840
Land improvements	3,888			3,594
Land	220,900			221,894
	2,272,731			2,277,457
Accumulated depreciation	(272,953		)	(237,841		)
	$	1,999,778		$	2,039,616

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As of September 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):

October 1, 2016 through December 31, 2016	$	52,272
2017	212,373
2018	217,914
2019	224,207
2020	230,351
Thereafter	1,306,497
	$	2,243,614