XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.24.2

Intangibles | 6 Months Ended
--- | ---
Jun. 30, 2024
Intangibles [Abstract] |
Intangibles | Intangibles Intangible assets primarily consist of lease-up intangibles and above market lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):
Intangible lease assets |  | June 30, 2024 |  | December 31, 2023
Gross intangible lease assets(1) |  | $ | 1,611,677 |  |  | $ | 739,228 |
Accumulated depreciation and amortization(2) |  | (535,590) |  |  | (425,072) |
Intangible assets, net |  | $ | 1,076,087 |  |  | $ | 314,156 |
Weighted average remaining amortization period in years |  | 5 |  | 5
_______________________________________ (1)As of June 30, 2024 and December 31, 2023, includes $1.56 billion and $725 million, respectively, of gross lease-up intangibles and $53 million and $14 million, respectively, of gross above market lease intangibles. (2)As of June 30, 2024 and December 31, 2023, includes $525 million and $418 million, respectively, of accumulated depreciation and amortization on lease-up intangibles and $11 million and $7 million, respectively, of accumulated depreciation and amortization on above market lease intangibles. 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, 2024 |  | December 31, 2023
Gross intangible lease liabilities |  | $ | 374,084 |  |  | $ | 228,105 |
Accumulated depreciation and amortization |  | (146,714) |  |  | (100,725) |
Intangible liabilities, net |  | $ | 227,370 |  |  | $ | 127,380 |
Weighted average remaining amortization period in years |  | 9 |  | 7
On the Closing Date of the Merger, the Company acquired intangible assets of $891 million, inclusive of $852 million of lease-up intangibles and $39 million of above market lease intangibles, and intangible liabilities of $150 million (see Note 3). The intangible assets and liabilities acquired had a weighted average amortization period at acquisition of 6 years and 9 years, respectively. During the year ended December 31, 2023, in conjunction with the Company’s acquisition of real estate, the Company acquired $0.5 million of intangible assets with a weighted average amortization period at acquisition of 5 years. Goodwill On the Closing Date of the Merger, the Company recognized goodwill of $47 million, which was allocated to the Company’s outpatient medical segment (see Note 3). Goodwill is included in other assets, net on the Consolidated Balance Sheets. At June 30, 2024 and December 31, 2023, goodwill was allocated to the Company’s segment assets as follows (in thousands):
Segment |  | June 30, 2024 |  | December 31, 2023
Outpatient medical |  | $ | 61,314 |  |  | $ | 14,178 |
CCRC |  | 1,998 |  |  | 1,998 |
Other non-reportable |  | 1,851 |  |  | 1,851 |
|  | $ | 65,163 |  |  | $ | 18,027 |

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-types1: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