Real Estate Investments, Net (Tables)

6 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

Summary of Investment in Owned Properties

The following tables summarize the Company’s investment in owned properties as of June 30, 2018 and December 31, 2017 (dollars in thousands):

	June 30, 2018			December 31, 2017
Land	$	153,584		$	151,879
Buildings and improvements	1,146,069			1,114,605
Integral equipment, furniture and fixtures	83,993			80,729
Identified intangible assets	2,382			2,382
Real estate investments	1,386,028			1,349,595
Accumulated depreciation	(219,027		)	(197,334		)
Real estate investments, net	$	1,167,001		$	1,152,261

Schedule of Total Future Minimum Rental Revenues

As of June 30, 2018, the Company’s total future minimum rental revenues for all of its tenants were (dollars in thousands):

Year	Amount
Remaining 2018	$	69,388
2019	137,507
2020	136,430
2021	136,713
2022	137,013
Thereafter	1,128,575
	$	1,745,626

Schedule of Business Acquisitions

The following table summarizes the Company’s acquisitions for the six months ended June 30, 2018 (dollar amounts in thousands):

Type of Property	Purchase Price(1)		Annual Cash Rent		Number of Properties		Number of Beds/Units(2)
Skilled nursing	$	47,369	$	4,275	6		522
Multi-service campuses	—		—		—		—
Assisted living	—		—		—		—
Total	$	47,369	$	4,275	$	6	522

(1) Purchase price includes capitalized acquisition costs.

(2) The number of beds/units includes operating beds at acquisition date.