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INVESTMENT IN REAL ESTATE PROPERTIES (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020
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
 
291

 
32,660

 
$
3,678,036

 
$
(322,645
)
 
$
3,355,391

Senior Housing - Leased
 
64

 
4,119

 
693,440

 
(77,160
)
 
616,280

Senior Housing - Managed
 
47

 
4,922

 
920,589

 
(118,466
)
 
802,123

Specialty Hospitals and Other
 
25

 
1,193

 
640,076

 
(51,114
)
 
588,962

 
 
427

 
42,894

 
5,932,141

 
(569,385
)
 
5,362,756

Corporate Level
 
 
 
 
 
779

 
(367
)
 
412

 
 
 
 
 
 
$
5,932,920

 
$
(569,752
)
 
$
5,363,168

As of December 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
 
296

 
33,290

 
$
3,701,666

 
$
(306,565
)
 
$
3,395,101

Senior Housing - Leased
 
62

 
3,820

 
630,688

 
(72,278
)
 
558,410

Senior Housing - Managed
 
46

 
4,809

 
907,771

 
(112,893
)
 
794,878

Specialty Hospitals and Other
 
25

 
1,193

 
639,721

 
(47,124
)
 
592,597

 
 
429

 
43,112

 
5,879,846

 
(538,860
)
 
5,340,986

Corporate Level
 
 
 
 
 
737

 
(353
)
 
384

 
 
 
 
 
 
$
5,880,583

 
$
(539,213
)
 
$
5,341,370


 
March 31, 2020
 
December 31, 2019
Building and improvements
$
5,093,517

 
$
5,042,435

Furniture and equipment
241,407

 
239,229

Land improvements
1,535

 
1,534

Land
596,461

 
597,385

 
5,932,920

 
5,880,583

Accumulated depreciation
(569,752
)
 
(539,213
)
 
$
5,363,168

 
$
5,341,370
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 and may materially differ from actual future rental payments received (in thousands):
As of March 31, 2020
April 1 through December 31, 2020
$
319,956

2021
427,122

2022
406,769

2023
392,007

2024
383,326

Thereafter
1,742,840

 
$
3,672,020