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CCP MERGER AND RECENT REAL ESTATE ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Purchase Price Allocation
The following table summarizes the purchase price allocation for the CCP Merger based on the Company's initial valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed on August 17, 2017 (in thousands):
Real estate investments
$
3,727,310

Loans receivable and other investments
58,244

Cash and cash equivalents
77,859

Restricted cash
779

Lease intangible assets, net
145,786

Accounts receivable, prepaid expenses and other assets, net
35,873

Secured debt, net
(98,500
)
Revolving credit facility
(362,000
)
Unsecured term loans
(674,000
)
Senior unsecured notes, net
(616,873
)
Accounts payable and accrued liabilities
(134,802
)
Lease intangible liabilities, net
(102,643
)
Noncontrolling interests
(4,455
)
Total consideration
$
2,052,578

During the year ended December 31, 2017, in addition to the properties acquired as a result of the CCP Merger, the Company acquired 22 skilled nursing/transitional care facilities and two senior housing communities. During the year ended December 31, 2016, the Company acquired one skilled nursing/transitional care facility and six senior housing communities. The consideration was allocated as follows (in thousands):
 
 
Year Ended December 31,
 
 
2017
 
2016
Land
 
$
58,771


$
7,755

Building and improvements
 
359,310

 
143,027

Tenant origination and absorption costs intangible assets
 
6,684

 
2,202

Tenant relationship intangible assets
 
2,053

 
642

Total consideration
 
$
426,818

 
$
153,626