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Deferred Revenue (Tables) | 6 Months Ended
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Jun. 30, 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):
| June 30, 2024 |  | December 31, 2023
Nonrefundable entrance fees(1) | $ | 581,530 |  |  | $ | 562,026 |
Other deferred revenue(2) | 326,322 |  |  | 343,607 |
Deferred revenue | $ | 907,852 |  |  | $ | 905,633 |
_______________________________________ (1)During the three and six months ended June 30, 2024, the Company collected nonrefundable entrance fees of $34 million and $62 million, respectively, and recognized amortization of $21 million and $43 million, respectively. During the three and six months ended June 30, 2023, the Company collected nonrefundable entrance fees of $31 million and $60 million, respectively, and recognized amortization of $20 million and $40 million, respectively. The amortization of nonrefundable entrance fees 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 and six months ended June 30, 2024, the Company recognized amortization related to other deferred revenue of $13 million and $27 million, respectively. During the three and six months ended June 30, 2023, the Company recognized amortization related to other deferred revenue of $18 million and $31 million, respectively. The amortization of other deferred revenue is included in rental and related revenues on the Consolidated Statements of Operations.

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