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Real Estate Investments, Net (Tables)
 3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Summary of Investment in Owned Properties
The following table summarizes the Company’s investment in owned properties as of March 31, 2020 and December 31, 2019 (dollars in thousands):
 
March 31, 2020December 31, 2019
Land$208,230  $204,154  
Buildings and improvements1,423,769  1,400,927  
Integral equipment, furniture and fixtures94,576  93,005  
Identified intangible assets1,650  1,650  
Real estate investments1,728,225  1,699,736  
Accumulated depreciation and amortization(298,700) (285,536) 
Real estate investments, net$1,429,525  $1,414,200  
Schedule of Total Future Minimum Rental Revenues
As of March 31, 2020, the Company’s total future minimum rental revenues for all of its tenants, excluding operating expense reimbursements, were (dollars in thousands): 
YearAmount
2020 (nine months)$125,502  
2021167,942  
2022168,039  
2023167,735  
2024167,836  
2025167,938  
Thereafter963,401  
$1,928,393  
Schedule of Real Estate Acquisitions
The following table summarizes the Company’s acquisitions for the three months ended March 31, 2020 (dollars in thousands):

Type of Property
Purchase Price(1)
Initial Annual Cash RentNumber of Properties
Number of Beds/Units(2)
Skilled nursing$18,675  $1,669  1  99  
Multi-service campuses—  —  —  —  
Assisted living7,396  590  1  62  
Total$26,071  $2,259  2  161  
        
        (1) Purchase price includes capitalized acquisition costs.
        (2) The number of beds/units includes operating beds at acquisition date.