Real Estate Investments, Net (Tables)

9 Months Ended

Sep. 30, 2018

Summary of Investment in Owned Properties

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



	September 30, 2018			December 31, 2017
Land	$	163,665		$	151,879
Buildings and improvements	1,168,192			1,114,605
Integral equipment, furniture and fixtures	85,592			80,729
Identified intangible assets	2,382			2,382
Real estate investments	1,419,831			1,349,595
Accumulated depreciation and amortization	(230,382		)	(197,334		)
Real estate investments, net	$	1,189,449		$	1,152,261

Schedule of Total Future Minimum Rental Revenues

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



Year	Amount
Remaining 2018	$	35,223
2019	141,977
2020	142,525
2021	143,094
2022	143,678
Thereafter	1,169,183
	$	1,775,680

Schedule of Business Acquisitions

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



Type of Property	Purchase Price⁽¹⁾			Initial Annual Cash Rent		Number of Properties		Number of Beds/Units⁽²⁾
Skilled nursing	$	57,074		$	5,144	7		621
Multi-service campuses	20,277		⁽³⁾	1,564		1		122
Assisted living	—			—		—		—
Total	$	77,351		$	6,708	$	8	743

(1) Purchase price includes capitalized acquisition costs.

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

(3) The Company has committed to fund approximately $1.4 million in revenue-producing capital expenditures over the next 24 months based on the in-place lease yield, which is included in the purchase price.