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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2019
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

(in thousands)

December 31, 2019

Gross Amount at

Initial Cost to

Cost Capitalized

Which Carried at

Life on Which

Company

Subsequent to

Close of Period (3) (5)

Depreciation

Acquisition

(4)

(7)

in Latest

Buildings and

Carrying

(6)

Buildings and

Accumulated

Date of

Date

Income Statements

Description (1)

Encumbrances

Land

    

Improvements

    

Improvements

    

Cost

    

Other

    

Land

    

Improvements

    

Total

    

Depreciation

    

Construction

    

Acquired

    

is Computed

Consulate Health Care:

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Florida (ALF, SNF)

(2)

$

57,250

$

558,594

$

2,607

$

$

$

57,250

$

561,201

$

618,451

$

35,609

 

1950 - 2000

 

1993 - 2019

 

25 years to 37 years

Kentucky (SNF)

 

209

 

6,860

 

 

209

6,860

7,069

62

1976

2019

25 years

Louisiana (SNF)

(2)

1,751

25,249

1,751

25,249

27,000

226

1962 - 1988

2019

25 years

Mississippi (SNF)

(2)

3,548

56,606

3,548

56,606

60,154

497

1965 - 1974

2019

25 years

Missouri (SNF)

204

4,380

204

4,380

4,584

53

1970

2019

25 years

North Carolina (SNF)

(2)

7,126

94,107

(711)

7,126

93,396

100,522

12,875

1969 - 1995

2010 - 2019

25 years to 36 years

Pennsylvania (ALF, ILF, SNF)

 

8,361

 

82,661

 

 

8,361

82,661

91,022

2,366

1964 - 1999

2019

25 years

Virginia (ALF, ILF, SNF)

 

1,588

 

39,215

 

 

1,588

39,215

40,803

1,149

1967 - 1975

2019

25 years

Total Consulate Health Care:

$

80,037

$

867,672

$

2,607

$

$

(711)

$

80,037

$

869,568

$

949,605

$

52,837

 

  

Maplewood Real Estate Holdings, LLC:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Connecticut (ALF)

$

25,063

$

254,085

$

6,761

$

$

$

25,063

$

260,846

$

285,909

$

35,990

 

1968 - 2015

 

2010 - 2017

 

30 years to 33 years

Massachusetts (ALF, SNF)

 

19,041

 

113,728

 

15,964

 

 

(680)

 

19,041

 

129,012

 

148,053

 

22,568

 

1988 - 2017

 

2014

 

30 years to 33 years

New Jersey (ALF)

 

10,673

 

 

1,059

 

56

 

 

10,673

 

1,115

 

11,788

 

 

N/A

 

2019

 

N/A

New York (ALF)

 

118,606

 

 

154,373

 

32,026

 

 

118,606

 

186,399

 

305,005

 

 

N/A

 

2015

 

N/A

Ohio (ALF)

 

3,683

 

27,628

 

35

 

 

 

3,683

 

27,663

 

31,346

 

4,633

 

1999 - 2016

 

2013 - 2014

 

30 years to 33 years

Total Maplewood Real Estate Holdings, LLC

$

177,066

$

395,441

$

178,192

$

32,082

$

(680)

$

177,066

$

605,035

$

782,101

$

63,191

 

  

Agemo Holdings, LLC:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Florida (SNF)

$

14,077

$

166,901

$

32,513

$

1,333

$

$

14,077

$

200,747

$

214,824

$

62,198

 

1940 - 1997

 

1996 - 2016

 

3 years to 39 years

Georgia (SNF)

 

3,833

 

10,847

 

3,949

 

 

 

3,833

 

14,796

 

18,629

 

10,762

 

1964 - 1970

 

2007

 

20 years

Kentucky (SNF)

 

13,153

 

84,321

 

3,422

 

 

 

13,153

 

87,743

 

100,896

 

29,174

 

1964 - 1980

 

1999 - 2016

 

20 years to 33 years

Maryland (SNF)

 

1,480

 

19,663

 

1,183

 

 

 

1,480

 

20,846

 

22,326

 

9,231

 

1959 - 1977

 

2010

 

29 years to 30 years

Tennessee (ALF, SNF)

 

7,664

 

179,849

 

 

 

 

7,664

 

179,849

 

187,513

 

29,434

 

1966 - 2016

 

2014 - 2016

 

25 years to 30 years

Total Agemo Holdings, LLC

$

40,207

$

461,581

$

41,067

$

1,333

$

$

40,207

$

503,981

$

544,188

$

140,799

 

  

Saber Health Group:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Florida (SNF)

$

423

$

4,422

$

283

$

$

$

423

$

4,705

$

5,128

$

1,022

 

2009

 

2011

 

33 years

North Carolina (SNF)

 

12,068

 

133,091

 

3,738

 

 

 

12,068

 

136,829

 

148,897

 

22,983

 

1930 - 2019

 

2013 - 2019

 

25 years to 30 years

Ohio (SNF)

 

4,128

 

92,898

 

5,422

 

 

(268)

 

4,128

 

98,052

 

102,180

 

16,602

 

1979 - 2013

 

2011 - 2016

 

30 years to 33 years

Pennsylvania (SNF)

 

7,134

 

124,476

 

5,070

 

 

 

7,134

 

129,546

 

136,680

 

23,620

 

1873 - 2002

 

2007 - 2011

 

33 years

Virginia (SNF)

14,285

121,320

6,510

(405)

14,285

127,425

141,710

19,002

1964 - 2013

2013 - 2019

30 years

Total Saber Health Group

$

38,038

$

476,207

$

21,023

$

$

(673)

$

38,038

$

496,557

$

534,595

$

83,229

 

  

CommuniCare Health Services, Inc.:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Indiana (SNF)

$

20,029

$

202,646

$

810

$

$

6,093

$

20,029

$

209,549

$

229,578

$

24,010

 

1963 - 2015

 

2013 - 2018

 

20 years to 30 years

Maryland (SNF)

 

7,190

 

74,029

 

4,690

 

 

 

7,190

 

78,719

 

85,909

 

24,450

 

1921 - 1985

 

2010 - 2011

 

25 years to 30 years

Ohio (SNF)

5,206

83,288

19,433

251

(3,004)

5,206

99,968

105,174

32,090

1962 - 1988

2005 - 2018

30 years to 39 years

Pennsylvania (SNF)

 

1,753

 

18,533

 

11,299

 

 

 

1,753

 

29,832

 

31,585

 

15,238

 

1950 - 1964

 

2005

 

39 years

Virginia (SNF)

 

2,408

 

10,757

 

1,038

 

 

 

2,408

 

11,795

 

14,203

 

1,011

 

1979

 

2018

 

30 years

West Virginia (SNF)

 

450

 

14,759

 

184

 

 

 

450

 

14,943

 

15,393

 

4,068

 

1963

 

2011

 

35 years

Total CommuniCare Health Services, Inc.

$

37,036

$

404,012

$

37,454

$

251

$

3,089

$

37,036

$

444,806

$

481,842

$

100,867

 

  

Ciena Healthcare:

Indiana (SNF)

$

321

$

7,703

$

$

$

$

321

$

7,703

$

8,024

$

1,556

 

1973

 

2014

 

33 years

Michigan (ALF, SNF)

4,087

115,547

548

4,087

116,095

120,182

21,179

1964 - 1997

2014

33 years

North Carolina (SNF)

4,097

60,275

663

4,097

60,938

65,035

11,395

1927 - 1992

2014

33 years

Ohio (ALF, SNF)

10,343

159,847

131

(80)

10,343

159,898

170,241

29,727

1960 - 2007

2010 - 2016

20 years to 33 years

Virginia (SNF)

6,300

87,772

113

(174)

6,126

87,885

94,011

13,760

1979 - 2007

2016

30 years

Total Ciena HealthCare

$

25,148

$

431,144

$

1,455

$

$

(254)

$

24,974

$

432,519

$

457,493

$

77,617

 

  

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION — continued

(in thousands)

December 31, 2019

Gross Amount at

Initial Cost to

Cost Capitalized

Which Carried at

Life on Which

Company

Subsequent to

Close of Period (3) (5)

Depreciation

Acquisition

(6)

(7)

in Latest

Buildings and

Carrying

(6)

Buildings and

Accumulated

Date of

Date

Income Statements

Description (1)

    

Land

    

Improvements

    

Improvements

    

Cost

    

Other

    

Land

    

Improvements

    

Total

    

Depreciation

    

Construction

    

Acquired

    

is Computed

Other:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Alabama (SNF)

$

1,817

$

33,356

$

12,916

$

$

$

1,817

$

46,272

$

48,089

$

36,969

 

1960 - 1982

 

1992 - 1997

 

31 years to 33 years

Arizona (ALF, SNF)

 

10,737

 

86,537

 

340

 

 

 

10,737

 

86,877

 

97,614

 

19,218

 

1949 - 1999

 

2005 - 2014

 

33 years to 40 years

Arkansas (ALF, SNF)

 

 

2,893

 

59,094

 

8,516

 

 

(36)

 

2,893

 

67,574

 

70,467

 

35,854

 

1967 - 1988

 

1992 - 2014

 

25 years to 31 years

California (ALF, SH, SNF, TBI)

 

90,514

 

504,011

 

5,122

 

 

(599)

 

90,514

 

508,534

 

599,048

 

101,579

 

1927 - 2013

 

1997 - 2015

 

5 years to 35 years

Colorado (ILF, SNF)

 

11,279

 

88,830

 

7,791

 

 

 

11,279

 

96,621

 

107,900

 

41,148

 

1925 - 1975

 

1998 - 2016

 

20 years to 39 years

Connecticut (SNF)

 

1,600

 

8,196

 

 

 

 

1,600

 

8,196

 

9,796

 

257

 

1991

 

2017

 

25 years

Florida (ALF, SNF)

 

53,783

 

528,036

 

14,136

 

 

(13,938)

 

52,843

 

529,174

 

582,017

 

175,542

 

1933 - 2019

 

1992 - 2017

 

2 years to 40 years

Georgia (ALF, SNF)

 

3,740

 

47,689

 

769

 

 

 

3,740

 

48,458

 

52,198

 

10,006

 

1967 - 1997

 

1998 - 2016

 

30 years to 40 years

Idaho (SNF)

 

6,824

 

72,249

 

1,763

 

 

(13,922)

 

6,824

 

60,090

 

66,914

 

16,518

 

1920 - 2008

 

1997 - 2019

 

25 years to 39 years

Indiana (ALF, ILF, IRF, MOB, SH, SNF)

 

27,581

 

371,308

 

435

 

 

(1,841)

 

27,560

 

369,923

 

397,483

 

107,818

 

1942 - 2008

 

1992 - 2018

 

20 years to 40 years

Iowa (ALF, SNF)

 

2,343

 

59,310

 

 

 

 

2,343

 

59,310

 

61,653

 

13,956

 

1961 - 1998

 

2010 - 2014

 

23 years to 33 years

Kansas (SNF)

 

4,153

 

43,482

 

14,218

 

 

(4,850)

 

4,092

 

52,911

 

57,003

 

14,557

 

1957 - 1977

 

2005 - 2011

 

25 years

Kentucky (ALF, SNF)

 

3,193

 

55,267

 

3,502

 

 

 

3,193

 

58,769

 

61,962

 

12,174

 

1969 - 2002

 

2014

 

33 years

Louisiana (SNF)

 

4,925

 

52,869

 

9,711

 

56

 

(709)

 

4,925

 

61,927

 

66,852

 

23,919

 

1957 - 1983

 

1997 - 2018

 

22 years to 39 years

Massachusetts (SNF)

 

4,580

 

29,444

 

1,784

 

 

 

4,580

 

31,228

 

35,808

 

19,731

 

1964 - 1992

 

1997 - 2010

 

20 years to 33 years

Michigan (SNF)

 

830

 

30,921

 

 

 

 

830

 

30,921

 

31,751

 

8,355

 

1964 - 1975

 

2005 - 2011

 

25 years to 33 years

Minnesota (ALF, ILF, SNF)

 

10,502

 

52,585

 

5,971

 

 

 

10,502

 

58,556

 

69,058

 

12,128

 

1966 - 1983

 

2014

 

33 years

Mississippi (SNF)

 

7,925

 

177,825

 

827

 

 

 

7,925

 

178,652

 

186,577

 

29,510

 

1962 - 2008

 

2009 - 2013

 

20 years to 40 years

Missouri (SNF)

 

6,063

 

105,351

 

693

 

 

(30,351)

 

6,055

 

75,701

 

81,756

 

15,240

 

1955 - 1994

 

1999 - 2016

 

30 years to 33 years

Montana (SNF)

 

1,631

 

19,486

 

 

 

 

1,631

 

19,486

 

21,117

 

2,267

 

1963 - 1971

 

2005 - 2019

 

25 years to 33 years

Nebraska (SNF)

 

750

 

14,892

 

 

 

 

750

 

14,892

 

15,642

 

3,591

 

1966 - 1969

 

2012 - 2015

 

20 years to 33 years

Nevada (BHS, SH, SNF, TBI)

 

12,901

 

112,553

 

9,413

 

 

 

12,901

 

121,966

 

134,867

 

20,127

 

1972 - 2015

 

2009 - 2017

 

25 years to 33 years

New Hampshire (ALF, SNF)

 

1,782

 

19,837

 

1,463

 

 

 

1,782

 

21,300

 

23,082

 

10,267

 

1963 - 1999

 

1998 - 2006

 

33 years to 39 years

New Mexico (SNF)

 

6,330

 

45,285

 

1,218

 

 

 

6,330

 

46,503

 

52,833

 

8,019

 

1960 - 1985

 

2005

 

10 years to 33 years

North Carolina (SNF)

 

2,188

 

29,108

 

3,696

 

 

 

2,188

 

32,804

 

34,992

 

21,522

 

1964 - 1987

 

1994 - 2017

 

30 years to 33 years

Ohio (SH, SNF)

12,348

161,815

2,880

12,348

164,695

177,043

38,453

1920 - 1998

 

1994 - 2013

 

22 years to 39 years

Oklahoma (SNF)

4,148

29,749

4,148

29,749

33,897

11,894

1965 - 2013

 

2010 - 2013

 

20 years to 33 years

Oregon (ALF, SNF)

3,641

45,218

4,009

3,641

49,227

52,868

9,757

1959 - 2004

 

2005 - 2014

 

25 years to 33 years

Pennsylvania (ALF, ILF, SNF)

14,762

209,887

366

(5)

14,756

210,254

225,010

68,089

1942 - 2012

 

2004 - 2018

 

20 years to 39 years

Rhode Island (SNF)

3,658

35,083

4,792

3,658

39,875

43,533

20,646

1965 - 1981

 

2006

 

39 years

South Carolina (SNF)

8,500

78,312

1,800

8,500

80,112

88,612

15,633

1959 - 2007

 

2014 - 2016

 

20 years to 33 years

Tennessee (BHP, SNF)

5,793

87,413

5,594

5,793

93,007

98,800

49,519

1974 - 2018

 

1992 - 2017

 

20 years to 31 years

Texas (SH, ALF, BHS, IRF, MOB, SNF)

74,306

810,944

24,889

3

(39,578)

74,055

796,509

870,564

163,507

1949 - 2016

 

1997 - 2019

 

20 years to 40 years

United Kingdom (ALF)

84,119

353,800

4,684

(30,597)

80,242

331,764

412,006

46,210

1750 - 2012

 

2015 - 2018

 

30 years

Vermont (SNF)

318

6,005

602

318

6,607

6,925

2,937

1971

 

2004

 

39 years

Virginia (ALF, SNF)

 

3,021

 

37,129

 

 

 

 

3,021

 

37,129

 

40,150

 

5,714

 

1989 - 1995

 

2010 - 2017

 

30 years to 40 years

Washington (ALF, SNF)

 

11,719

 

138,055

 

2,855

 

 

(68)

 

11,652

 

140,909

 

152,561

 

37,535

 

1930 - 2004

 

1995 - 2015

 

20 years to 33 years

West Virginia (SNF)

 

1,523

 

52,187

 

6,878

 

 

 

1,523

 

59,065

 

60,588

 

36,850

 

1961 - 1996

 

1994 - 2008

 

25 years to 39 years

Wisconsin (SNF)

 

399

 

4,581

 

2,154

 

 

 

399

 

6,735

 

7,134

 

1,869

 

1974

 

2005

 

33 years

Total Other

$

509,119

$

4,697,699

$

165,787

$

59

$

(136,494)

$

503,888

$

4,732,282

$

5,236,170

$

1,268,885

 

  

 

  

 

  

Total

$

906,651

$

7,733,756

$

447,585

$

33,725

$

(135,723)

$

901,246

$

8,084,748

$

8,985,994

$

1,787,425

 

  

 

  

 

  

(1)The real estate included in this schedule is being used in either the operation of skilled nursing facilities (“SNF”), assisted living facilities (“ALF”), independent living facilities (“ILF”), traumatic brain injury (“TBI”), medical office buildings (“MOB”) or specialty hospitals (“SH”) located in the states or country indicated.
(2)Certain of the real estate indicated are security for the HUD loan borrowings totaling $387.4 million at December 31, 2019.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION — continued

(in thousands)

December 31, 2019

(3)

Year Ended December 31, 

    

2017

    

2018

    

2019

Balance at beginning of period

$

7,566,358

$

7,655,960

$

7,746,410

Acquisitions through foreclosure

 

 

 

143,753

Acquisitions (a)

 

419,333

 

294,202

 

1,201,924

Impairment

 

(98,672)

 

(35,014)

 

(48,939)

Improvements

 

116,786

 

187,408

 

170,997

Disposals/other

 

(347,845)

 

(356,146)

 

(228,151)

Balance at close of period

$

7,655,960

$

7,746,410

$

8,985,994

(a)Includes approximately $27.2 million, $185.6 million and $750.6 million of non-cash consideration exchanged during the years ended December 31, 2017, 2018 and 2019, respectively.

(4)

Year Ended December 31, 

    

2017

    

2018

    

2019

Balance at beginning of period

$

1,240,336

$

1,376,828

$

1,562,619

Provisions for depreciation

 

287,189

 

280,871

 

301,177

Dispositions/other

 

(150,697)

 

(95,080)

 

(76,371)

Balance at close of period

$

1,376,828

$

1,562,619

$

1,787,425

(5)The reported amount of our real estate at December 31, 2019 is greater than the tax basis of the real estate by approximately $0.4 billion.
(6)Reflects bed sales, impairments (including the write-off of accumulated depreciation), land easements and impacts from foreign currency exchange rates.
(7)To the extent that we acquired an entity previously owning the underlying facility, the acquisition date reflects the date that the entity acquired the facility.