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Real Estate (Tables)
9 Months Ended
Sep. 30, 2017
Real Estate [Abstract]  
New Real Estate Investments [Table Text Block]
During the nine months ended September 30, 2017, we made investments related to real estate as described below (dollars in thousands):
Operator
 
Date
 
Properties
 
Asset Class
 
Amount
Ravn Senior Solutions
 
February 2017
 
2
 
SHO
 
$
16,100

Prestige Care
 
March 2017
 
1
 
SHO
 
26,200

The LaSalle Group
 
March 2017
 
5
 
SHO
 
61,865

The Ensign Group
 
March 2017
 
1
 
SNF
 
15,096

Bickford Senior Living
 
June 2017
 
1
 
SHO
 
10,400

Acadia Healthcare
 
July 2017
 
1
 
HOSP
 
4,840

 
 
 
 
 
 
 
 
$
134,501

Schedule of Bickford Leases [Table Text Block]
:

 
Lease Expiration
 
 
Sept / Oct 2019
June 2023
May 2031
Total
Number of Properties
10

13

20

43

2017 Annual Contractual Rent
$
8,994

$
10,809

$
16,691

$
36,494

Straight Line Rent Adjustment
(347
)
226

4,885

4,764

Total Revenues
$
8,647

$
11,035

$
21,576

$
41,258

 
 
 
 
 
Summary of NHC Percentage Rent [Table Text Block]
The following table summarizes the percentage rent income from NHC (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Current year
$
782

 
$
733

 
$
2,345

 
$
2,199

Prior year final certification1

 

 
194

 
547

Total percentage rent income
$
782

 
$
733

 
$
2,539

 
$
2,746

1 For purposes of the percentage rent calculation described in the master lease agreement, NHC’s annual revenue by facility for a given year is certified to NHI by March 31st of the following year.