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INVESTMENT IN REAL ESTATE PROPERTIES (Tables)
 3 Months Ended
Mar. 31, 2021
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, 2021
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care285 31,533 $3,641,912 $(409,828)$3,232,084 
Senior Housing - Leased65 4,217 708,242 (92,704)615,538 
Senior Housing - Managed48 5,024 971,795 (150,495)821,300 
Specialty Hospitals and Other28 1,228 680,602 (70,470)610,132 
426 42,002 6,002,551 (723,497)5,279,054 
Corporate Level811 (422)389 
$6,003,362 $(723,919)$5,279,443 
As of December 31, 2020
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care287 31,761 $3,644,470 $(385,094)$3,259,376 
Senior Housing - Leased65 4,282 707,634 (87,600)620,034 
Senior Housing - Managed47 4,924 942,996 (142,538)800,458 
Specialty Hospitals and Other27 1,092 670,793 (66,021)604,772 
426 42,059 5,965,893 (681,253)5,284,640 
Corporate Level802 (404)398 
$5,966,695 $(681,657)$5,285,038 
March 31, 2021December 31, 2020
Building and improvements$5,153,257 $5,120,598 
Furniture and equipment252,563 249,034 
Land improvements2,893 2,220 
Land594,649 594,843 
6,003,362 5,966,695 
Accumulated depreciation(723,919)(681,657)
$5,279,443 $5,285,038 
Future Minimum Rental Payments Receivable for Properties Held for Investment Under Non-Cancelable Operating Leases
As of March 31, 2021, 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):
April 1 through December 31, 2021$325,343 
2022417,966 
2023407,895 
2024408,876 
2025399,770 
Thereafter1,572,014 
$3,531,864