Real Estate (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Presented in the following table are future minimum lease payments, as of March 31, 2019, to be received by us under our operating leases, as determined under ASC 842 (in thousands):

	March 31, 2019
2019	$	192,261
2020	256,991
2021	257,610
2022	259,674
2023	253,653
Thereafter	1,719,019
	$	2,939,208

Schedule of Tenant Purchase Options [Table Text Block]

A summary of these tenant options is presented below ($ in thousands):

Asset	Number of	Lease	1st Option	Option	Contractual
Type	Properties	Expiration	Open Year	Basis	Rent
MOB	1	February 2025	Open	i	$	302
SHO	4	September 2027	Open	iv	$	1,560
HOSP	1	September 2027	2020	ii	$	2,673
SHO	8	December 2024	2020	ii	$	6,027
HOSP	1	March 2025	2020	iv	$	1,900
SHO	2	May 2031	2021	iv	$	4,892
HOSP	1	June 2022	2022	i	$	3,460
SNF	7	August 2028	2025	iii	$	3,732
SNF	1	September 2028	2028	iii	$	463

New Real Estate Investments [Table Text Block]

During the three months ended March 31, 2019, we made the following real estate investments and commitments as described below ($ in thousands):

Operator	Date	Properties	Asset Class	Amount
Wingate Healthcare	January 2019	1	SHO	$	52,200
Holiday Retirement	January 2019	1	SHO	38,000
				$	90,200

Schedule of Bickford Leases [Table Text Block]

As of March 31, 2019, our Bickford Senior Living (“Bickford”) lease portfolio consists of the following ($ in thousands):

	Lease Expiration
	June 2023		September 2027		May 2031		April 2033		Total
Number of Properties	13		4		28		5		50
2019 Contractual Rent	$	11,468	$	1,576	$	30,765	$	4,826	$	48,635
2019 Straight Line Rent	358		195		3,937		843		5,333
	$	11,826	$	1,771	$	34,702	$	5,669	$	53,968

Summary of NHC Percentage Rent [Table Text Block]

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

	Three Months Ended
	March 31,
	2019		2018
Current year	$	877	$	853
Prior year final certification1	334		285
Total percentage rent income	$	1,211	$	1,138

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.