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REAL ESTATE PROPERTIES HELD FOR INVESTMENT (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019
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
 
304

 
34,049

 
$
3,716,115

 
$
(234,633
)
 
$
3,481,482

Senior Housing - Leased
 
88

 
7,147

 
1,220,158

 
(133,570
)
 
1,086,588

Senior Housing - Managed
 
23

 
1,603

 
305,173

 
(22,037
)
 
283,136

Specialty Hospitals and Other
 
22

 
1,085

 
621,236

 
(35,394
)
 
585,842

 
 
437

 
43,884

 
5,862,682

 
(425,634
)
 
5,437,048

Corporate Level
 
 
 
 
 
634

 
(328
)
 
306

 
 
 
 
 
 
$
5,863,316

 
$
(425,962
)
 
$
5,437,354

As of December 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
 
335

 
37,628

 
$
4,094,484

 
$
(224,942
)
 
$
3,869,542

Senior Housing - Leased
 
90

 
7,332

 
1,237,790

 
(125,902
)
 
1,111,888

Senior Housing - Managed
 
23

 
1,603

 
301,739

 
(19,537
)
 
282,202

Specialty Hospitals and Other
 
22

 
1,085

 
621,236

 
(31,640
)
 
589,596

 
 
470

 
47,648

 
6,255,249

 
(402,021
)
 
5,853,228

Corporate Level
 
 
 
 
 
634

 
(317
)
 
317

 
 
 
 
 
 
$
6,255,883

 
$
(402,338
)
 
$
5,853,545


 
March 31, 2019
 
December 31, 2018
Building and improvements
$
5,044,382

 
$
5,388,102

Furniture and equipment
221,123

 
237,145

Land improvements
1,317

 
1,254

Land
596,494

 
629,382

 
5,863,316

 
6,255,883

Accumulated depreciation
(425,962
)
 
(402,338
)
 
$
5,437,354

 
$
5,853,545
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
The future minimum rental payments from the Company’s properties held for investment under non-cancelable operating leases were as follows (in thousands):
As of March 31, 2019
April 1 through December 31, 2019
$
351,250

2020
456,660

2021
452,218

2022
454,086

2023
437,112

Thereafter
2,440,245

 
$
4,591,571

 
 
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
As of December 31, 2018
2019
$
465,766

2020
456,207

2021
452,346

2022
454,216

2023
437,277

Thereafter
2,407,064

 
$
4,672,876