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Dispositions of Real Estate and Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Dispositions of Real Estate and Discontinued Operations | The following summarizes the assets and liabilities classified as discontinued operations at December 31, 2021 and 2020, which are included in assets held for sale and discontinued operations, net and liabilities related to assets held for sale and discontinued operations, net, respectively, on the Consolidated Balance Sheets (in thousands):
| December 31,
| 2021 |  | 2020
ASSETS |  |  |
Real estate: |  |  |
Buildings and improvements | $ | — |  |  | $ | 2,553,254 |
Development costs and construction in progress | — |  |  | 21,509 |
Land | — |  |  | 355,803 |
Accumulated depreciation and amortization | — |  |  | (615,708) |
Net real estate | — |  |  | 2,314,858 |
Investments in and advances to unconsolidated joint ventures | — |  |  | 5,842 |
Accounts receivable, net of allowance of $4,138 and $5,873 | 2,446 |  |  | 20,500 |
Cash and cash equivalents | 7,707 |  |  | 53,085 |
Restricted cash | — |  |  | 17,168 |
Intangible assets, net | — |  |  | 24,541 |
Right-of-use asset, net | 26 |  |  | 4,109 |
Other assets, net(1) | 3,237 |  |  | 103,965 |
Total assets of discontinued operations, net(2) | 13,416 |  |  | 2,544,068 |
Assets held for sale, net(3) | 23,774 |  |  | 82,238 |
Assets held for sale and discontinued operations, net | $ | 37,190 |  |  | $ | 2,626,306 |
LIABILITIES |  |  |
Mortgage debt | $ | — |  |  | $ | 318,876 |
Lease liability | 26 |  |  | 3,189 |
Accounts payable, accrued liabilities, and other liabilities | 14,843 |  |  | 79,411 |
Deferred revenue | 92 |  |  | 11,442 |
Total liabilities of discontinued operations, net(2) | 14,961 |  |  | 412,918 |
Liabilities related to assets held for sale, net(3) | 95 |  |  | 2,819 |
Liabilities related to assets held for sale and discontinued operations, net | $ | 15,056 |  |  | $ | 415,737 |
_______________________________________ (1)Includes goodwill of zero and $29 million as of December 31, 2021 and 2020, respectively. (2)At December 31, 2021, there were no remaining senior housing triple-net or SHOP facilities classified as held for sale and discontinued operations. At December 31, 2020, 41 senior housing triple-net facilities, 97 SHOP facilities, and 1 SHOP joint venture were classified as held for sale and discontinued operations. (3)As of December 31, 2021, primarily comprised of four MOBs and one life science facility with net real estate assets of $23 million and right-of-use asset, net of $1 million. As of December 31, 2020, primarily comprised of six MOBs with net real estate assets of $73 million and deferred revenue of $2 million. Summarized financial information for discontinued operations for the years ended December 31, 2021, 2020, and 2019 are as follows (in thousands):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Revenues: |  |  |  |  |
Rental and related revenues | $ | 7,535 |  |  | $ | 97,877 |  |  | $ | 152,576 |
Resident fees and services | 114,936 |  |  | 621,253 |  |  | 583,653 |
Income from direct financing leases | — |  |  | — |  |  | 20,815 |
Total revenues | 122,471 |  |  | 719,130 |  |  | 757,044 |
Costs and expenses: |  |  |  |  |
Interest expense | 3,900 |  |  | 10,538 |  |  | 8,007 |
Depreciation and amortization | — |  |  | 143,194 |  |  | 224,798 |
Operating | 122,571 |  |  | 550,226 |  |  | 474,126 |
Transaction costs | 76 |  |  | 20,426 |  |  | 6,780 |
Impairments and loan loss reserves (recoveries), net | 32,736 |  |  | 201,344 |  |  | 208,229 |
Total costs and expenses | 159,283 |  |  | 925,728 |  |  | 921,940 |
Other income (expense): |  |  |  |  |
Gain (loss) on sales of real estate, net | 414,721 |  |  | 460,144 |  |  | 22,940 |
Other income (expense), net | 4,189 |  |  | 5,475 |  |  | 17,060 |
Total other income (expense), net | 418,910 |  |  | 465,619 |  |  | 40,000 |
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures | 382,098 |  |  | 259,021 |  |  | (124,896) |
Income tax benefit (expense) | 969 |  |  | 9,913 |  |  | 11,783 |
Equity income (loss) from unconsolidated joint ventures | 5,135 |  |  | (1,188) |  |  | (2,295) |
Income (loss) from discontinued operations | $ | 388,202 |  |  | $ | 267,746 |  |  | $ | (115,408) |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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