Real Estate (Tables)

6 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

New Real Estate Investments [Table Text Block]

We acquired the following real estate properties during the six months ended June 30, 2018 (in thousands):

Operator	Date	Properties	Asset Class	Amount
The Ensign Group	January/May 2018	3	SNF	43,404
Bickford Senior Living	April 2018	5	SHO	69,750
Comfort Care Senior Living	May 2018	2	SHO	17,140
				$	130,294

Schedule of Bickford Leases [Table Text Block]

As of June 30, 2018, our Bickford portfolio consists of leases with lease expiration dates as follows (in thousands):

	Lease Expiration
	Sep/Oct 2019			June 2023		Sept 2027		May 2031		Apr 2033		Total
Number of Properties	10			13		4		20		5		52
2018 Contractual Rent	$	9,264		$	11,133	$	1,515	$	19,970	$	3,105	$	44,987
Straight Line Rent Adjustment	(617		)	588		221		3,813		607		4,612
Total Revenues	$	8,647		$	11,721	$	1,736	$	23,783	$	3,712	$	49,599

Summary of NHC Percentage Rent [Table Text Block]

The following table summarizes the percentage rent income from NHC (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Current year	$	853	$	782	$	1,706	$	1,563
Prior year final certification1	—		—		285		194
Total percentage rent income	$	853	$	782	$	1,991	$	1,757

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.