DIRECT FINANCING LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Direct Financing Leases [Abstract]

Schedule of Components of Investment in Direct Financing Leases

The components of investments in direct financing leases consist of the following:

	December 31,
	2019		2018
	(in thousands)
Minimum lease payments receivable	$	27,227	$	28,294
Less unearned income		(15,522)		(16,577)
Investment in non-Orianna direct financing leases		11,705		11,717
Investment in Orianna direct financing leases		—		223,745
Less allowance for loss on Orianna direct financing leases		—		(103,200)
Less allowance for loss on non-Orianna direct financing leases		(217)		—
Investment in direct financing leases – net	$	11,488	$	132,262
Properties subject to direct financing leases		2		17
Number of direct financing leases		2		3

Schedule of investment in the direct financing leases by operator

The following table summarizes our investments in the direct financing leases by operator, net of allowance for loss:

	December 31,
	2019		2018
	(in thousands)
Orianna	$	—	$	120,545
Sun Mar Healthcare		11,488		11,491
Markleysburg Healthcare Investors, LP		—		226
Investment in direct financing leases - net	$	11,488	$	132,262

Schedule of future cash flow and straight-line rents direct financing leases

The following minimum rents are due under our direct financing leases for the next five years (in thousands):

	Contractual Rent		Straight-Line Rent		Total
2020	$	1,170		(1,037)	$	133
2021		1,084		(915)		169
2022		1,106		(1,023)		83
2023		1,128		(1,014)		114
2024		1,151		(1,003)		148
Thereafter		21,588		(10,530)		11,058
	$	27,227	$	(15,522)	$	11,705