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Investments in and Advances to Unconsolidated Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Company Owned Interests in Entities, Accounted Under Equity Method | The Company owns interests in the following entities that are accounted for under the equity method, excluding investments classified as discontinued operations (in thousands):
|  |  |  |  |  |  | Carrying Amount
|  |  |  |  |  |  | December 31,
Entity(1)(2) |  | Segment |  | Property Count(3) | Ownership %(3) |  | 2021 |  | 2020
SWF SH JV |  | Other |  | 19 | 54 |  | $ | 355,394 |  |  | $ | 357,581 |
Life Science JV |  | Life science |  | 1 | 49 |  | 25,605 |  |  | 24,879 |
Needham Land Parcel JV(4) |  | Life science |  | — | 38 |  | 13,566 |  |  | — |
Medical Office JVs(5) |  | Medical office |  | 3 | 20 - 67 |  | 9,069 |  |  | 9,673 |
Other JVs(6) |  | Other |  | — | — |  | — |  |  | 9,157 |
CCRC JV(7) |  | CCRC |  | — | — |  | — |  |  | 1,581 |
|  |  |  |  |  |  | $ | 403,634 |  |  | $ | 402,871 |
_______________________________________ (1)These entities are not consolidated because the Company does not control, through voting rights or other means, the joint ventures. (2)Excludes the Otay Ranch JV (90% ownership percentage), which was classified as discontinued operations and had an aggregate carrying value of $6 million at December 31, 2020 (see Note 5). In April 2021, the SHOP property in the Otay Ranch JV was sold, resulting in the Company’s share of proceeds of $32 million and a gain on sale of $5 million recognized in equity income (loss) from unconsolidated joint ventures within income (loss) from discontinued operations for the year ended December 31, 2021. (3)Property count and ownership percentage are as of December 31, 2021. (4)In December 2021, the Company acquired a 38% interest in a life science development joint venture in Needham, Massachusetts for $13 million. Land held for development is excluded from the property count as of December 31, 2021. (5)Includes three unconsolidated medical office joint ventures in which the Company holds an ownership percentage as follows: (i) Ventures IV (20%); (ii) Ventures III (30%); and (iii) Suburban Properties, LLC (67%). (6)At December 31, 2020, includes two unconsolidated other joint ventures in which the Company’s ownership percentage is as follows: (i) Discovery Naples JV (41%) and (ii) Discovery Sarasota JV (47%). In April 2021, the Company sold its two preferred equity investments for their carrying value as part of the Discovery SHOP Portfolio disposition (see Note 5). (7)See Note 3 for a discussion of the 2019 MTCA with Brookdale, including the acquisition of Brookdale’s interest in 13 of the 15 communities in the CCRC JV in January 2020. In May 2021, the two remaining CCRCs were sold for $38 million, $19 million of which represents the Company’s 49% interest, resulting in an immaterial gain on sale recorded within equity income (loss) from unconsolidated joint ventures for the year ended December 31, 2021.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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