DIRECT FINANCING LEASES (Tables)

3 Months Ended

Mar. 31, 2017

Leases, Capital [Abstract]

Schedule of components of investment in direct financing leases

	March 31,			December 31,
	2017			2016
	(in thousands)
Minimum lease payments receivable	$	4,291,940		$	4,287,069
Less unearned income		(3,684,757	)		(3,685,131	)
Less allowance for loss on direct financing lease		(2,406	)		—
Investment in direct financing leases - net	$	604,777		$	601,938
Properties subject to direct financing leases		58			58

Schedule of minimum rents due under direct financing lease for the next five years

2018	2019	2020	2021	2022
$51,319	$52,626	$53,917	$55,199	$56,488