Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of Properties Own and Leased Information

The following table provides additional information regarding the properties owned/leased for the periods indicated:

	December 31,
	2023		2022
Cumulative number of properties		98		79
Cumulative number of operational beds		12,201		10,332

Schedule of Additional Information on Properties Facilities Leased

The following table provides additional information regarding the properties/facilities leased by the Company as of December 31, 2023:

State	Number of Operational Beds/Units		Owned by Company		Leased by Company		Total
Illinois		4,226		20		-		20
Indiana		3,240		33		1		34
Michigan		100		1		-		1
Ohio		238		4		-		4
Tennessee		1,056		12		-		12
Kentucky		1,163		10		-		10
Arkansas		1,568		13		-		13
Oklahoma		137		1		-		1
Texas		473		3		-		3
Total properties		12,201		97		1		98
Facility Type
Skilled Nursing Facilities		11,865		96		1		97
Long-Term Acute Care Hospitals(1)		63		2		-		2
Assisted Living Facility		273		8		-		8
Total facilities		12,201		106		1		107

(1) Each property is comprised of a skilled nursing facility and long-term acute care hospital.

Schedule of Future Minimum Rental Revenues

As of December 31, 2023, total future minimum rental revenues for the Company’s tenants are as follows:

Year	Amount
(Amounts in $000’s)
2024	$	93,923
2025		86,439
2026		69,687
2027		70,250
2028		66,360
Thereafter		148,589
Total	$	535,248

Schedule of Property Leases to Third Parties

The following table provides summary information regarding the number of operational beds associated with a property leased by the Company and subleased to third-party operators:

	December 31,
	2023		2022
Number of facilities leased and subleased to third-parties		1		1
Number of operational beds		68		68

Schedule of Components of Lease Expense

The components of lease expense and other lease information are as follows (dollars in thousands):

	Years ended December 31,
	2023		2022
Operating lease cost	$	405	$	392

	As of December 31,
	2023			2022
Operating lease right of use asset	$	1,542		$	1,833
Operating lease liability	$	1,542		$	1,833
Weighted average remaining lease term-operating leases (in years)		4.25			5.25
Weighted average discount rate		4.1	%		4.1	%

Schedule of Future Minimum Lease Payments On Non-Cancellable Leases

Future minimum operating lease payments under non-cancellable leases as of December 31, 2023, reconciled to the Company’s operating lease liability presented on the consolidated balance sheets:

	(Amounts in $000s)
2024	$	397
2025		397
2026		397
2027		397
2028		99
Total	$	1,687
Less Interest		(145	)
Total operating lease liability	$	1,542