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Leases (Tables) | 12 Months Ended
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Dec. 31, 2018
Leases, Capital [Abstract] |
Summary of components of net investment in DFLs | The components of net investment in DFLs consisted of the following (dollars in thousands):
| December 31,
| 2018 |  | 2017
Minimum lease payments receivable | $ | 1,013,976 |  |  | $ | 1,062,452 |
Estimated residual value | 507,484 |  |  | 504,457 |
Less unearned income | (807,642 | ) |  | (852,557 | )
Net investment in direct financing leases | $ | 713,818 |  |  | $ | 714,352 |
Properties subject to direct financing leases | 29 |  |  | 29 |
Summary of minimum lease payments for DFLs | The following table summarizes future minimum lease payments contractually due under DFLs at December 31, 2018 (in thousands):
Year |  | Amount
2019 |  | $ | 114,970 |
2020 |  | 63,308 |
2021 |  | 63,687 |
2022 |  | 58,135 |
2023 |  | 58,570 |
Thereafter |  | 655,306 |
|  | $ | 1,013,976 |
Schedule of the Company's internal ratings for DFLs | The following table summarizes the Company’s internal ratings for net investment in DFLs at December 31, 2018 (dollars in thousands):
|  |  |  |  |  | Internal Ratings
Segment |  | Carrying Amount |  | Percentage of DFL Portfolio |  | Performing DFLs |  | Watch List DFLs |  | Workout DFLs
Senior housing triple-net |  | $ | 629,214 |  |  | 88 |  | $ | 278,503 |  |  | $ | 350,711 |  |  | $ | — |
Other non-reportable segments |  | 84,604 |  |  | 12 |  | 84,604 |  |  | — |  |  | — |
|  | $ | 713,818 |  |  | 100 |  | $ | 363,107 |  |  | $ | 350,711 |  |  | $ | — |
The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2018 (dollars in thousands):
|  | Carrying Amount |  | Percentage of Loan Portfolio |  | Internal Ratings
Investment Type |  |  |  | Performing Loans |  | Watch List Loans |  | Workout Loans
Real estate secured |  | $ | 42,037 |  |  | 67 |  | $ | 42,037 |  |  | $ | — |  |  | $ | — |
Other secured |  | 20,961 |  |  | 33 |  | 20,961 |  |  | — |  |  | — |
|  | $ | 62,998 |  |  | 100 |  | $ | 62,998 |  |  | $ | — |  |  | $ | — |
Summary of future minimum lease payments for operating leases | The following table summarizes future minimum lease payments to be received, excluding operating expense reimbursements, from tenants under non-cancelable operating leases as of December 31, 2018 (in thousands):
Year |  | Amount
2019 |  | $ | 971,417 |
2020 |  | 928,102 |
2021 |  | 853,451 |
2022 |  | 751,972 |
2023 |  | 675,537 |
Thereafter |  | 2,320,847 |
|  | $ | 6,501,326 |
Future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2018 were as follows (in thousands):
Year |  | Amount
2019 |  | $ | 5,597 |
2020 |  | 5,687 |
2021 |  | 5,776 |
2022 |  | 5,862 |
2023 |  | 5,983 |
Thereafter |  | 466,130 |
|  | $ | 495,035 |
Certain leases, including DFLs contain purchase options whereby the tenant may elect to acquire the underlying real estate. Annualized base rent from leases subject to purchase options, summarized by the year the purchase options are exercisable, are as follows (dollars in thousands):
Year |  | Annualized Base Rent(1) |  | Number of Properties
2019 |  | $ | 23,771 |  |  | 10 |
2020 |  | 14,545 |  |  | 4 |
2021 |  | 12,747 |  |  | 6 |
2022 |  | 13,315 |  |  | 3 |
Thereafter |  | 50,577 |  |  | 34 |
|  | $ | 114,955 |  |  | 57 |
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(1) | Represents the most recent month’s base rent including additional rent floors and cash income from DFLs annualized for 12 months. Base rent does not include tenant recoveries, additional rents in excess of floors and non-cash revenue adjustments (i.e., straight-line rents, amortization of market lease intangibles, DFL non-cash interest and deferred revenues).

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- Definition Tabular disclosure of the components of the net amount due as of the balance sheet date consisting of: (a) minimum lease payments due on direct financing and sales-type leases, (b) unguaranteed residual value, and (c) any unamortized initial direct costs on direct financing leases; less: (i) executory costs, (ii) unearned income, and (iii) the accumulated allowance for uncollectible minimum lease payments. + References No definition available. + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. + References No definition available. + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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