XML 37 R24.htm IDEA: XBRL DOCUMENT v3.20.2
INVESTMENT IN REAL ESTATE PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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
 
290

 
32,516

 
$
3,673,749

 
$
(347,201
)
 
$
3,326,548

Senior Housing - Leased
 
65

 
4,290

 
725,857

 
(82,357
)
 
643,500

Senior Housing - Managed
 
47

 
4,922

 
926,740

 
(126,358
)
 
800,382

Specialty Hospitals and Other
 
25

 
1,193

 
642,778

 
(55,105
)
 
587,673

 
 
427

 
42,921

 
5,969,124

 
(611,021
)
 
5,358,103

Corporate Level
 
 
 
 
 
796

 
(384
)
 
412

 
 
 
 
 
 
$
5,969,920

 
$
(611,405
)
 
$
5,358,515

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


 
June 30, 2020
 
December 31, 2019
Building and improvements
$
5,128,893

 
$
5,042,435

Furniture and equipment
242,272

 
239,229

Land improvements
1,703

 
1,534

Land
597,052

 
597,385

 
5,969,920

 
5,880,583

Accumulated depreciation
(611,405
)
 
(539,213
)
 
$
5,358,515

 
$
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 June 30, 2020
July 1 through December 31, 2020
$
213,599

2021
430,623

2022
410,981

2023
396,203

2024
395,683

Thereafter
1,866,622

 
$
3,713,711