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Dispositions of Real Estate and Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Assets and Liabilities | The following summarizes the assets and liabilities classified as held for sale or as discontinued operations at September 30, 2022 and December 31, 2021, 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):
| September 30, 2022 |  | December 31, 2021
ASSETS |  |  |
Accounts receivable, net of allowance of $260 and $4,138 | $ | 367 |  |  | $ | 2,446 |
Cash and cash equivalents | 2,172 |  |  | 7,707 |
Right-of-use asset, net | — |  |  | 26 |
Other assets, net | 285 |  |  | 3,237 |
Total assets of discontinued operations, net | 2,824 |  | 13,416
Assets held for sale, net(1) | 48,671 |  |  | 23,774 |
Assets held for sale and discontinued operations, net | $ | 51,495 |  |  | $ | 37,190 |
LIABILITIES |  |  |
Lease liability | $ | — |  |  | $ | 26 |
Accounts payable, accrued liabilities, and other liabilities | 8,668 |  |  | 14,843 |
Deferred revenue | — |  |  | 92 |
Total liabilities of discontinued operations, net | 8,668 |  |  | 14,961 |
Liabilities related to assets held for sale, net(1) | 4,163 |  |  | 95 |
Liabilities related to assets held for sale and discontinued operations, net | $ | 12,831 |  |  | $ | 15,056 |
_______________________________________ (1)As of September 30, 2022, included two life science assets primarily comprised of net real estate assets of $43 million. As of December 31, 2021, included four MOBs and one life science facility primarily comprised of net real estate assets of $23 million. The results of discontinued operations during the three and nine months ended September 30, 2022 and 2021, or through the disposal date of each asset or portfolio of assets held within discontinued operations if sold during such periods, as applicable, are presented below (in thousands) and are included in the consolidated results of operations for the three and nine months ended September 30, 2022 and 2021:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |
Rental and related revenues | $ | — |  |  | $ | 694 |  |  | $ | — |  |  | $ | 7,535 |
Resident fees and services | 1,284 |  |  | 8,507 |  |  | 6,765 |  |  | 111,777 |
Total revenues | 1,284 |  |  | 9,201 |  |  | 6,765 |  |  | 119,312 |
Costs and expenses: |  |  |  |  |  |  |
Interest expense | — |  |  | 47 |  |  | — |  |  | 3,900 |
Operating | 1,334 |  |  | 13,010 |  |  | 6,451 |  |  | 118,175 |
Transaction costs | — |  |  | — |  |  | — |  |  | 76 |
Impairments and loan loss reserves (recoveries), net | — |  |  | 21,740 |  |  | — |  |  | 32,736 |
Total costs and expenses | 1,334 |  |  | 34,797 |  |  | 6,451 |  |  | 154,887 |
Other income (expense): |  |  |  |  |  |  |
Gain (loss) on sales of real estate, net | (1,131) |  |  | 26,758 |  |  | 1,361 |  |  | 408,658 |
Other income (expense), net | (7) |  |  | (863) |  |  | 12 |  |  | 5,150 |
Total other income (expense), net | (1,138) |  |  | 25,895 |  |  | 1,373 |  |  | 413,808 |
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures | (1,188) |  |  | 299 |  |  | 1,687 |  |  | 378,233 |
Income tax benefit (expense) | (110) |  |  | 221 |  |  | 260 |  |  | 1,345 |
Equity income (loss) from unconsolidated joint ventures | — |  |  | 81 |  |  | 64 |  |  | 4,991 |
Income (loss) from discontinued operations | $ | (1,298) |  |  | $ | 601 |  |  | $ | 2,011 |  |  | $ | 384,569 |

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