Real Estate (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Bickford Leases [Table Text Block]

As of December 31, 2018, our Bickford Senior Living (“Bickford”) portfolio consists of leases with primary lease expiration dates as follows (in thousands):



	Lease Expiration
	June 2023		September 2024			September 2027		May 2031		April 2033		Total
Number of Properties	13		10			4		20		5		52
2018 Annual Contractual Rent	$	11,133	$	9,264		$	1,515	$	19,988	$	3,165	$	45,065
2018 Straight Line Rent Adjustment	588		(260		)	221		3,865		614		5,028
Total Revenues	$	11,721	$	9,004		$	1,736	$	23,853	$	3,779	$	50,093

New Real Estate Investments [Table Text Block]

During the year ended December 31, 2018, we announced the following real estate investments and commitments as described below (dollars 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
Ignite Medical Resorts	December 2018	1	SNF	25,350
				$	155,644

Summary of NHC Percentage Rent [Table Text Block]

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



	Year Ended December 31,
	2018		2017		2016
Current year	$	3,411	$	3,127	$	2,932
Prior year final certification¹	285		194		547
Total percentage rent	$	3,696	$	3,321	$	3,479

¹For 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.

Future Minimum Lease Payments [Table Text Block]

Future Minimum Lease Payments

At December 31, 2018, the future minimum lease payments (excluding percentage rent) to be received by us under our operating leases with our tenants are as follows (in thousands):



2019	$	304,887
2020	254,321
2021	255,806
2022	258,245
2023	252,602
Thereafter	1,705,141
	$	3,031,002