Real Estate Investments, Net (Tables)

6 Months Ended

Jun. 30, 2020

Real Estate [Abstract]

Summary of Investment in Owned Properties

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, 2020		December 31, 2019
Land	$	208,231	$	204,154
Buildings and improvements	1,427,547		1,400,927
Integral equipment, furniture and fixtures	94,627		93,005
Identified intangible assets	1,650		1,650
Real estate investments	1,732,055		1,699,736
Accumulated depreciation and amortization	(311,943)		(285,536)
Real estate investments, net	$	1,420,112	$	1,414,200

Schedule of Total Future Minimum Rental Revenues

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): 

Year	Amount
2020 (six months)	$	84,161
2021	168,585
2022	168,682
2023	168,378
2024	168,479
2025	168,581
Thereafter	966,894
	$	1,893,760

Schedule of 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 Rent		Number of Properties	Number of Beds/Units(2)
Skilled nursing	$	18,675	$	1,669	1	99
Multi-service campuses	—		—		—	—
Assisted living	7,396		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.