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INVESTMENT IN REAL ESTATE PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2023
Real Estate [Abstract]  
Schedule of 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, 2023
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care253 27,857 $3,181,828 $(536,949)$2,644,879 
Senior Housing - Leased45 3,532 579,927 (103,129)476,798 
Senior Housing - Managed61 6,041 1,268,360 (241,354)1,027,006 
Behavioral Health18 1,077 487,466 (65,468)421,998 
Specialty Hospitals and Other15 392 225,443 (44,746)180,697 
392 38,899 5,743,024 (991,646)4,751,378 
Corporate Level1,096 (576)520 
$5,744,120 $(992,222)$4,751,898 
As of December 31, 2022
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care264 29,136 $3,385,221 $(492,495)$2,892,726 
Senior Housing - Leased47 3,550 590,694 (97,716)492,978 
Senior Housing - Managed59 5,942 1,205,283 (222,089)983,194 
Behavioral Health17 965 465,143 (58,481)406,662 
Specialty Hospitals and Other15 392 225,443 (42,038)183,405 
402 39,985 5,871,784 (912,819)4,958,965 
Corporate Level904 (526)378 
$5,872,688 $(913,345)$4,959,343 
June 30, 2023December 31, 2022
Building and improvements$4,941,125 $5,034,470 
Furniture and equipment239,140 262,644 
Land improvements9,872 7,085 
Land553,983 568,489 
Total real estate at cost5,744,120 5,872,688 
Accumulated depreciation(992,222)(913,345)
Total real estate investments, net$4,751,898 $4,959,343 
Schedule of Future Minimum Rental Payments from Non-Cancelable Operating Leases
As of June 30, 2023, 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):
July 1 through December 31, 2023$188,220 
2024379,861 
2025375,316 
2026359,991 
2027336,770 
Thereafter1,534,405 
$3,174,563 
Schedule of Investment in Joint Ventures
The following is a summary of the Company’s investment in unconsolidated joint ventures (dollars in thousands):
Property Type
Number of
Properties as of
June 30, 2023
Ownership as of
June 30, 2023 (1)
Book Value
June 30, 2023December 31, 2022
Sienna Joint VentureSenior Housing - Managed12 50 %$121,642 $120,269 
Marlin Spring Joint VentureSenior Housing - Managed4 85 %18,760 14,693 
$140,402 $134,962 
(1)    These investments are not consolidated because the Company does not control, through voting rights or other means, the joint ventures.