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Deferred Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenues [Abstract] |
Schedule of Deferred Revenue | The following table summarizes the Company’s deferred revenue, excluding deferred revenue related to assets classified as held for sale (in thousands):
| March 31, 2024 |  | December 31, 2023
Nonrefundable entrance fees(1) | $ | 569,412 |  |  | $ | 562,026 |
Other deferred revenue(2) | 354,264 |  |  | 343,607 |
Deferred revenue | $ | 923,676 |  |  | $ | 905,633 |
_______________________________________ (1)During each of the three months ended March 31, 2024 and 2023, the Company collected nonrefundable entrance fees of $29 million. During the three months ended March 31, 2024 and 2023, the Company recognized amortization of $22 million and $20 million, respectively, which is included within resident fees and services on the Consolidated Statements of Operations. (2)Other deferred revenue is primarily comprised of prepaid rent, deferred rent, and tenant-funded tenant improvements owned by the Company. During the three months ended March 31, 2024 and 2023, the Company recognized amortization related to other deferred revenue of $15 million and $13 million, respectively, which is included in rental and related revenues on the Consolidated Statements of Operations.

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