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Real Estate Investments, Net
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Real Estate Investments, Net REAL ESTATE INVESTMENTS, NET
The following table summarizes the Company’s investment in owned properties as of June 30, 2020 and December 31, 2019 (dollars in thousands):
 
June 30, 2020December 31, 2019
Land$208,231  $204,154  
Buildings and improvements1,427,547  1,400,927  
Integral equipment, furniture and fixtures94,627  93,005  
Identified intangible assets1,650  1,650  
Real estate investments1,732,055  1,699,736  
Accumulated depreciation and amortization(311,943) (285,536) 
Real estate investments, net$1,420,112  $1,414,200  
As of June 30, 2020, 212 of the Company’s facilities were leased to various operators under triple-net leases. All of these leases contain annual escalators based on the percentage change in the Consumer Price Index (but not less than zero), some of which are subject to a cap, or fixed rent escalators.
As of June 30, 2020, the Company has one independent living facility that the Company owns and operates.
As of June 30, 2020, the Company’s total future minimum rental revenues for all of its tenants, excluding operating expense reimbursements, were (dollars in thousands): 
YearAmount
2020 (six months)$84,161  
2021168,585  
2022168,682  
2023168,378  
2024168,479  
2025168,581  
Thereafter966,894  
$1,893,760  
Recent Real Estate Acquisitions
The following table summarizes the Company’s acquisitions for the six months ended June 30, 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.

Sale of Real Estate 
On February 14, 2020, the Company closed on the sale of six skilled nursing facilities formerly operated by affiliates of Metron Integrated Health Systems (“Metron”). In connection with the sale for $36.0 million, the Company received $3.5 million in cash and provided subsidiaries of Cascade Capital Group, LLC (“Cascade”), the purchaser of the properties, with a short-term mortgage loan secured by these properties for $32.4 million.  The mortgage loan bore interest at 7.5% and initially had a maturity date of March 31, 2020. In connection with the sale, the Company recognized a loss of approximately $0.1 million. In April 2020, the mortgage loan was settled with $18.9 million in cash and a new mortgage loan for $13.9 million. In July 2020, the Company received prepayment in full, including accrued interest, for the new $13.9 million mortgage loan. See Note 4, Other Real Estate Investments, Net, for further detail on the new mortgage loan.