BORROWING ACTIVITIES AND ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of long-term borrowings

		Annual Interest  Rate as of March 31,		March 31,			December 31,
	Maturity	2017		2017			2016
				(in thousands)
Secured borrowings:
HUD mortgages assumed December 2011(1)	2044		3.06%	$	54,636		$	54,954
Deferred financing costs – net					(584	)		(589	)
Total secured borrowings – net					54,052			54,365
Unsecured borrowings:
Revolving line of credit	2018		2.25%		123,000			190,000
Tranche A-1 term loan	2019		2.48%		200,000			200,000
Tranche A-2 term loan	2017		2.44%		200,000			200,000
Tranche A-3 term loan	2021		2.48%		350,000			350,000
Omega OP term loan	2017		2.44%		100,000			100,000
2015 term loan	2022		3.80%		250,000			250,000
Deferred financing costs – net					(5,125	)		(5,657	)
Total term loans – net					1,094,875			1,094,343
2023 notes	2023		4.375%		700,000			700,000
2024 notes	2024		5.875%		400,000			400,000
2024 notes	2024		4.95%		400,000			400,000
2025 notes	2025		4.50%		250,000			250,000
2026 notes	2026		5.25%		600,000			600,000
2027 notes	2027		4.50%		700,000			700,000
Other	2018		-		3,000			3,000
Subordinated debt	2021		9.00%		20,000			20,000
Discount - net					(16,669	)		(17,151	)
Deferred financing costs – net					(27,393	)		(27,703	)
Total unsecured borrowings – net					3,028,938			3,028,146
Total secured and unsecured borrowings – net				$	4,300,865		$	4,366,854

⁽¹⁾ Reflects the weighted average annual contractual interest rate on the mortgages at March 31, 2017 excluding a third-party administration fee of approximately 0.5% annually. Secured by real estate assets with a net carrying value of $64.8 million as of March 31, 2017.