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REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)
 9 Months Ended
Sep. 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 September 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
 
350

 
39,848

 
$
4,236,602

 
$
(251,287
)
 
$
3,985,315

Senior Housing - Leased
 
91

 
7,309

 
1,227,305

 
(121,289
)
 
1,106,016

Senior Housing - Managed
 
24

 
1,712

 
311,782

 
(18,458
)
 
293,324

Specialty Hospitals and Other
 
22

 
1,085

 
618,493

 
(27,887
)
 
590,606

 
 
487

 
49,954

 
6,394,182

 
(418,921
)
 
5,975,261

Corporate Level
 
 
 
 
 
633

 
(304
)
 
329

 
 
 
 
 
 
$
6,394,815

 
$
(419,225
)
 
$
5,975,590

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


 
September 30, 2018
 
December 31, 2017
Building and improvements
$
5,506,855

 
$
5,449,415

Furniture and equipment
239,146

 
232,889

Land improvements
2,156

 
3,456

Land
646,658

 
649,095

 
6,394,815

 
6,334,855

Accumulated depreciation
(419,225
)
 
(340,423
)
 
$
5,975,590

 
$
5,994,432
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
As of September 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):
October 1 through December 31, 2018
$
116,525

2019
472,146

2020
462,598

2021
459,309

2022
456,750

Thereafter
2,807,313

 
$
4,774,641