XML 35 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Real Estate (Tables)
6 Months Ended
Jun. 30, 2017
Real Estate [Abstract]  
New Real Estate Investments [Table Text Block]
During the six months ended June 30, 2017, we made investments related to real estate as described below (dollars in thousands):
Operator
 
Date
 
Properties
 
Asset Class
 
Amount
Ravn Senior Solutions
 
February 2017
 
2
 
SHO
 
$
16,100

Prestige Care
 
March 2017
 
1
 
SHO
 
26,200

The LaSalle Group
 
March 2017
 
5
 
SHO
 
61,865

The Ensign Group
 
March 2017
 
1
 
SNF
 
15,096

Bickford Senior Living
 
June 2017
 
1
 
SHO
 
10,400

 
 
 
 
 
 
 
 
$
129,661

Schedule of Bickford Leases [Table Text Block]
:

 
Lease Expiration
 
 
Sept / Oct 2019
June 2023
May 2031
Total
Number of Properties
10

13

20

43

2017 Contractual Rent
$
8,994

$
10,809

$
16,620

$
36,423

Straight Line Rent Adjustment
(347
)
226

4,378

4,257

Total Revenues
$
8,647

$
11,035

$
20,998

$
40,680

 
 
 
 
 
Summary of NHC Percentage Rent [Table Text Block]
The following table summarizes the percentage rent income from NHC (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Current year
$
782

 
$
733

 
$
1,563

 
$
1,466

Prior year final certification1

 

 
194

 
547

Total percentage rent income
$
782

 
$
733

 
$
1,757

 
$
2,013

1 For purposes of the percentage rent calculation described in the master lease agreement, NHC’s annual revenue by facility for a given year is certified to NHI by March 31st of the following year.