XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.2

Intangibles | 6 Months Ended
--- | ---
Jun. 30, 2022
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 |  | June 30, 2022 |  | December 31, 2021
Gross intangible lease assets |  | $ | 802,180 |  |  | $ | 797,675 |
Accumulated depreciation and amortization |  | (331,315) |  |  | (277,915) |
Intangible assets, net(1) |  | $ | 470,865 |  |  | $ | 519,760 |
Weighted average remaining amortization period in years |  | 6 |  | 6
_______________________________________ (1)Excludes intangible assets reported in assets held for sale and discontinued operations, net of $2 million and zero as of June 30, 2022 and December 31, 2021, respectively. Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
Intangible lease liabilities |  | June 30, 2022 |  | December 31, 2021
Gross intangible lease liabilities |  | $ | 240,733 |  |  | $ | 234,917 |
Accumulated depreciation and amortization |  | (71,111) |  |  | (57,685) |
Intangible liabilities, net |  | $ | 169,622 |  |  | $ | 177,232 |
Weighted average remaining amortization period in years |  | 8 |  | 8
During the six months ended June 30, 2022, in conjunction with the Company’s acquisitions of real estate, the Company acquired intangible assets of $7 million and intangible liabilities of $6 million. The intangible assets and liabilities acquired had a weighted average amortization period at acquisition of 7 years and 11 years, respectively. During the year ended December 31, 2021, in conjunction with the Company’s acquisitions of real estate, the Company acquired intangible assets of $109 million and intangible liabilities of $57 million. The intangible assets and intangible liabilities acquired each had a weighted average amortization period at acquisition of 9 years.

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