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INVESTMENTS IN JOINT VENTURES | 6 Months Ended
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Jun. 30, 2025
INVESTMENTS IN JOINT VENTURES [Abstract] |
INVESTMENTS IN JOINT VENTURES | NOTE 9 – INVESTMENTS IN JOINT VENTURES Unconsolidated Joint Ventures The following is a summary of our investments in unconsolidated joint ventures (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Carrying Amount
​ | ​ | Ownership | ​ | Facility | ​ | Facility | ​ | June 30, | ​ | December 31,
Entity | ​ | % (1) | ​ | Type | ​ | Count (1) | ​ | 2025 |  | 2024
Lakeway Realty, L.L.C. | ​ | 51% | ​ | Specialty facility | ​ | 1 | ​ | $ | 65,979 | ​ | $ | 67,541
Second Spring Healthcare Investment | ​ | 15% | ​ | N/A | ​ | — | ​ | ​ | 7,320 |  | ​ | 7,117
Other Real Estate JVs(2)(3) | ​ | 20% – 50% | ​ | Various | ​ | 6 | ​ |  | 4,488 |  | ​ | 6,736
Other Healthcare JVs(3)(4) | ​ | 9% – 25% | ​ | N/A | ​ | N/A | ​ | ​ | 7,642 | ​ | ​ | 7,317
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 85,429 | ​ | $ | 88,711
(1) | Ownership percentages and facility counts are as of June 30, 2025.
(2) | Includes three joint ventures formed for the purpose of owning or providing financing for SNFs, ALFs or specialty facilities.
(3) | As of June 30, 2025, and December 31, 2024, we had an aggregate of $18.5 million of loans outstanding with these joint ventures.
(4) | Includes six joint ventures engaged in business that support the long-term healthcare industry and our operators.
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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