REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)

12 Months Ended

Dec. 31, 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 December 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	97	10,819	$	1,042,754	$	(190,038	)	$	852,716
Senior Housing	85	7,989	1,187,951		(82,131		)	1,105,820
Acute Care Hospital	1	70	61,640		(10,387		)	51,253
	183	18,878	2,292,345		(282,556		)	2,009,789
Corporate Level			406		(256		)	150
			$	2,292,751	$	(282,812	)	$	2,009,939

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	100	11,012	$	1,029,291	$	(167,968	)	$	861,323
Senior Housing	78	7,213	1,072,060		(52,494		)	1,019,566
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

	December 31, 2016			December 31, 2015
Building and improvements	$	1,983,769		$	1,954,129
Furniture and equipment	85,196			97,840
Land improvements	3,744			3,594
Land	220,042			221,894
	2,292,751			2,277,457
Accumulated depreciation	(282,812		)	(237,841		)
	$	2,009,939		$	2,039,616

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

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

2017	$	214,701
2018	220,677
2019	227,049
2020	233,275
2021	203,442
Thereafter	1,145,204
	$	2,244,348