XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

Intangibles | 9 Months Ended
--- | ---
Sep. 30, 2021
Intangibles [Abstract] |
Intangibles | Intangibles Intangible assets primarily consist of lease-up intangibles and above market tenant lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):
Intangible lease assets |  | September 30, 2021 |  | December 31, 2020
Gross intangible lease assets |  | $ | 823,362 |  |  | $ | 761,328 |
Accumulated depreciation and amortization |  | (303,027) |  |  | (241,411) |
Intangible assets, net(1) |  | $ | 520,335 |  |  | $ | 519,917 |
Weighted average remaining amortization period in years |  | 6 |  | 5
_______________________________________ (1)Excludes intangible assets reported in assets held for sale and discontinued operations, net of $25 million as of December 31, 2020. Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
Intangible lease liabilities |  | September 30, 2021 |  | December 31, 2020
Gross intangible lease liabilities |  | $ | 208,031 |  |  | $ | 194,565 |
Accumulated depreciation and amortization |  | (64,027) |  |  | (50,366) |
Intangible liabilities, net |  | $ | 144,004 |  |  | $ | 144,199 |
Weighted average remaining amortization period in years |  | 8 |  | 8
During the nine months ended September 30, 2021, in conjunction with the Company’s acquisitions of real estate, the Company acquired intangible assets of $81 million and intangible liabilities of $17 million. The intangible assets and liabilities acquired had a weighted average amortization period at acquisition of 9 years and 8 years, respectively. During the year ended December 31, 2020, in conjunction with the Company’s acquisitions of real estate, the Company acquired intangible assets of $352 million and intangible liabilities of $83 million. The intangible assets and intangible liabilities acquired had a weighted average amortization period at acquisition of 7 years and 9 years, respectively.

X
- Definition This block of text may be used to disclose all or part of the information related to intangible assets and liabilities. + References No definition available. + Details
Name: | peak_IntangibleAssetsAndLiabilitiesDisclosureTextBlock
Namespace Prefix: | peak_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Intangibles [Abstract] + References No definition available. + Details
Name: | peak_IntangiblesAbstract
Namespace Prefix: | peak_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration