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REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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
 
352

 
40,077

 
$
4,242,748

 
$
(223,777
)
 
$
4,018,971

Senior Housing - Leased
 
89

 
7,156

 
1,200,923

 
(113,020
)
 
1,087,903

Senior Housing - Managed
 
24

 
1,712

 
308,221

 
(15,961
)
 
292,260

Specialty Hospitals and Other
 
22

 
1,085

 
618,316

 
(24,109
)
 
594,207

 
 
487

 
50,030

 
6,370,208

 
(376,867
)
 
5,993,341

Corporate Level
 
 
 
 
 
633

 
(292
)
 
341

 
 
 
 
 
 
$
6,370,841

 
$
(377,159
)
 
$
5,993,682

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


 
June 30, 2018
 
December 31, 2017
Building and improvements
$
5,489,087

 
$
5,449,415

Furniture and equipment
236,838

 
232,889

Land improvements
1,971

 
3,456

Land
642,945

 
649,095

 
6,370,841

 
6,334,855

Accumulated depreciation
(377,159
)
 
(340,423
)
 
$
5,993,682

 
$
5,994,432
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
As of June 30, 2018, the future minimum rental payments from the Company’s properties held for investment under non-cancelable operating leases were as follows (in thousands):
July 1 through December 31, 2018
$
260,307

2019
529,844

2020
522,304

2021
520,553

2022
512,680

Thereafter
3,083,776

 
$
5,429,464