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REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)
 3 Months Ended
Mar. 31, 2018
Real Estate Investments, Net [Abstract]  
Real Estate Properties Held for Investment
The Company’s real estate properties held for investment consisted of the following (dollars in thousands):
As of March 31, 2018
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
 
380

 
42,972

 
$
4,384,312

 
$
(232,080
)
 
$
4,152,232

Senior Housing - Leased
 
89

 
8,167

 
1,173,102

 
(110,342
)
 
1,062,760

Senior Housing - Managed
 
24

 
1,744

 
310,377

 
(13,999
)
 
296,378

Specialty Hospitals and Other
 
22

 
1,085

 
617,440

 
(20,362
)
 
597,078

 
 
515

 
53,968

 
6,485,231

 
(376,783
)
 
6,108,448

Corporate Level
 
 
 
 
 
633

 
(280
)
 
353

 
 
 
 
 
 
$
6,485,864

 
$
(377,063
)
 
$
6,108,801

As of December 31, 2017
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
 
384

 
43,223

 
$
4,364,387

 
$
(209,039
)
 
$
4,155,348

Senior Housing - Leased
 
88

 
8,137

 
1,166,687

 
(102,370
)
 
1,064,317

Senior Housing - Managed
 
13

 
1,113

 
189,120

 
(12,125
)
 
176,995

Specialty Hospitals and Other
 
22

 
1,085

 
614,068

 
(16,620
)
 
597,448

 
 
507

 
53,558

 
6,334,262

 
(340,154
)
 
5,994,108

Corporate Level
 
 
 
 
 
593

 
(269
)
 
324

 
 
 
 
 
 
$
6,334,855

 
$
(340,423
)
 
$
5,994,432


 
March 31, 2018
 
December 31, 2017
Building and improvements
$
5,576,282

 
$
5,449,415

Furniture and equipment
240,869

 
232,889

Land improvements
3,507

 
3,456

Land
665,206

 
649,095

 
6,485,864

 
6,334,855

Accumulated depreciation
(377,063
)
 
(340,423
)
 
$
6,108,801

 
$
5,994,432
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
As of March 31, 2018, the future minimum rental payments from the Company’s properties held for investment under non-cancelable operating leases were as follows (in thousands):
April 1, 2018 through December 31, 2018
$
416,640

2019
566,530

2020
559,757

2021
558,493

2022
552,102

Thereafter
2,949,305

 
$
5,602,827