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Real Estate Investments | 12 Months Ended
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Dec. 31, 2024
Real Estate [Abstract] |
Real Estate Investments | Real Estate Investments 2024 Real Estate Investment Acquisitions The Merger As a result of the Merger, the Company acquired 299 outpatient medical buildings (see Note 3). 2023 Real Estate Investment Acquisitions 60 Loomis Land Parcel In January 2023, the Company acquired a lab land parcel in Cambridge, Massachusetts for $9 million. Wylie Outpatient Medical Building In April 2023, the Company acquired the remaining 80% interest in one of the outpatient medical buildings in the Ventures IV unconsolidated joint venture for $4 million (see Note 9). Concurrent with the acquisition, the Company began consolidating the building and recognized a gain upon change of control of $0.2 million, which is recorded in other income (expense), net during the year ended December 31, 2023. 2022 Real Estate Investment Acquisitions 67 Smith Place In January 2022, the Company closed a lab acquisition in Cambridge, Massachusetts for $72 million. Vista Sorrento Phase II In January 2022, the Company closed a lab acquisition in San Diego, California for $24 million. Webster Outpatient Medical Portfolio In March 2022, the Company acquired a portfolio of two outpatient medical buildings in Houston, Texas for $43 million. Northwest Medical Plaza In May 2022, the Company acquired one outpatient medical building in Bentonville, Arkansas for $26 million. Concord Avenue Land Parcels In December 2022, the Company closed a lab acquisition in Cambridge, Massachusetts for $18 million. Development Activities Construction, Tenant, and Other Capital Improvements The following table summarizes the Company’s expenditures for construction, tenant improvements, and other capital improvements for its consolidated property investments, excluding expenditures related to properties classified as discontinued operations (in thousands):
|  | Year Ended December 31,
Segment |  | 2024 |  | 2023 |  | 2022
Outpatient medical |  | $ | 356,273 |  |  | $ | 236,135 |  |  | $ | 237,761 |
Lab |  | 313,749 |  |  | 428,961 |  |  | 658,542 |
CCRC |  | 66,741 |  |  | 109,465 |  |  | 65,691 |
|  | $ | 736,763 |  |  | $ | 774,561 |  |  | $ | 961,994 |

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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