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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2019
Financial Instruments [Abstract]  
Schedule of Financial Instruments

    

December 31, 2019

December 31, 2018

    

Carrying

    

Fair

    

Carrying

    

Fair

    

Amount

    

Value

    

Amount

    

Value

(in thousands)

Assets:

Investments in direct financing leases – net

 

$

11,488

$

11,488

    

$

132,262

    

$

132,262

Mortgage notes receivable – net

 

773,563

 

819,083

 

710,858

 

735,892

Other investments – net

 

419,228

 

412,934

 

504,626

 

503,907

Total

$

1,204,279

$

1,243,505

$

1,347,746

$

1,372,061

Liabilities:

 

  

 

  

 

  

 

  

Revolving line of credit

$

125,000

$

125,000

$

313,000

$

313,000

Term loan

2,275

2,275

U.S. term loan

 

348,878

 

350,000

 

423,065

 

425,000

Sterling term loan

 

132,059

 

132,480

 

127,394

 

127,990

Omega OP term loan

 

74,763

 

75,000

 

99,553

 

100,000

2015 term loan

 

249,038

 

250,000

 

248,713

 

250,000

4.375% notes due 2023 – net

 

695,812

 

749,693

 

694,643

 

700,062

4.95% notes due 2024 – net

 

395,702

 

442,327

 

394,691

 

406,386

4.50% notes due 2025 – net

 

396,163

 

430,529

 

395,402

 

392,122

5.25% notes due 2026 – net

 

595,732

 

675,078

 

595,027

 

605,700

4.50% notes due 2027 – net

 

689,445

 

759,475

 

687,981

 

671,555

4.75% notes due 2028 – net

 

541,891

 

602,967

 

540,883

 

537,508

3.625% notes due 2029 – net

488,263

500,792

HUD mortgages - net

387,405

379,866

Subordinated debt – net

 

13,714

 

15,253

 

20,270

 

22,589

Total

$

5,136,140

$

5,490,735

$

4,540,622

$

4,551,912