XML 62 R49.htm IDEA: XBRL DOCUMENT v3.25.1
STANDARD BEARER (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Apr. 29, 2025
USD ($)
property
Mar. 31, 2025
USD ($)
property
renewal
lease
shares
Mar. 31, 2024
USD ($)
property
shares
Mar. 31, 2023
shares
Dec. 31, 2022
Dec. 31, 2024
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   140        
Number of master lease arrangements | lease   7        
Options granted (in shares) | shares   152,000 181,000      
Share-based compensation | $   $ 10,691,000 $ 8,231,000      
Restricted Stock Awards            
Segment Reporting Information [Line Items]            
Award vesting period   5 years        
Restricted stock awards granted (in shares) | shares   92,000 95,000      
Vested in the period (in shares) | shares   101,000        
Share-based compensation | $   $ 3,402,000 $ 2,727,000      
Standard Bearer Equity Plan            
Segment Reporting Information [Line Items]            
Award vesting period         5 years  
Options granted (in shares) | shares     0 0    
Share-based compensation | $     $ 0      
Standard Bearer Equity Plan | Restricted Stock Awards            
Segment Reporting Information [Line Items]            
Restricted stock awards granted (in shares) | shares     0 0    
Vested in the period (in shares) | shares   0 0      
Standard Bearer Master Leases            
Segment Reporting Information [Line Items]            
Rental revenue | $   $ 23,904,000 $ 18,006,000      
Minimum | Revolving credit facility with Truist | Truist | Base Rate            
Segment Reporting Information [Line Items]            
Interest rate margin   0.25%        
Minimum | Revolving credit facility with Truist | Truist | Secured Overnight Financing Rate (SOFR)            
Segment Reporting Information [Line Items]            
Interest rate margin   1.25%        
Maximum | Revolving credit facility with Truist | Truist | Base Rate            
Segment Reporting Information [Line Items]            
Interest rate margin   1.25%        
Maximum | Revolving credit facility with Truist | Truist | Secured Overnight Financing Rate (SOFR)            
Segment Reporting Information [Line Items]            
Interest rate margin   2.25%        
Standard Bearer Master Leases            
Segment Reporting Information [Line Items]            
Lessee leasing arrangements, operating leases, number of renewal terms | renewal   3        
Extended lease term   5 years        
Operating leases of lessee, contingent rentals, basis spread on variable rate   2.50%        
Standard Bearer Master Leases | Base Management Fee            
Segment Reporting Information [Line Items]            
Management fees, as a percentage of total revenues   5.00%        
Management fees | $   $ 1,692,000 $ 1,332,000      
Management fees, as a percentage of rental revenues   6.00% 6.00%      
Standard Bearer Master Leases | Incentive Management Fee            
Segment Reporting Information [Line Items]            
Management fees, as a percentage of total revenues   1.00%        
Management fees, as a percentage of funds from operations   5.00%        
Standard Bearer Master Leases | Total Management Fee            
Segment Reporting Information [Line Items]            
Management fees, as a percentage of total revenues   6.00%        
Standard Bearer Master Leases | Minimum            
Segment Reporting Information [Line Items]            
Lease term   15 years        
Standard Bearer Master Leases | Maximum            
Segment Reporting Information [Line Items]            
Lease term   19 years        
CareTrust            
Segment Reporting Information [Line Items]            
Consumer price index           0.00%
Operating leases of lessee, contingent rentals, basis spread on variable rate   2.50%        
Subsidiaries            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   107        
Third Party Operators | Senior Living Operations | 2025 Acquired Properties | Subsequent Event            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired 1          
Standard Bearer Healthcare REIT, Inc.            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   135        
Standard Bearer Healthcare REIT, Inc. | 2025 Acquired Properties            
Segment Reporting Information [Line Items]            
Asset acquisition, purchase price | $   $ 147,796,000        
Standard Bearer Healthcare REIT, Inc. | 2025 Acquired Properties | Subsequent Event            
Segment Reporting Information [Line Items]            
Asset acquisition, purchase price | $ $ 24,781,000          
Standard Bearer Healthcare REIT, Inc. | 2024 Acquired Properties            
Segment Reporting Information [Line Items]            
Asset acquisition, purchase price | $     $ 1,604,000      
Standard Bearer Healthcare REIT, Inc. | Skilled Nursing Operations | 2025 Acquired Properties | Subsequent Event            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired 2          
Standard Bearer Healthcare REIT, Inc. | Subsidiaries            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   103        
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | 2025 Acquired Properties            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   7        
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | 2025 Acquired Properties | CareTrust            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   4        
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | Senior Living Operations | 2025 Acquired Properties            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   1        
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | Skilled Nursing Operations | 2025 Acquired Properties            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   8        
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | Skilled Nursing Operations | 2025 Acquired Properties | Subsequent Event            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired 1          
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | Skilled Nursing Operations | 2024 Acquired Properties            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired     1      
Standard Bearer Healthcare REIT, Inc. | Subsidiaries | Campus Operations | 2025 Acquired Properties            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   2        
Standard Bearer Healthcare REIT, Inc. | Third Party Operators            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired   33        
Standard Bearer Healthcare REIT, Inc. | Third Party Operators | Senior Living Operations            
Segment Reporting Information [Line Items]            
Number of senior living operations sharing property with skilled nursing operations   1        
Standard Bearer Healthcare REIT, Inc. | Third Party Operators | Skilled Nursing Operations | 2025 Acquired Properties | Subsequent Event            
Segment Reporting Information [Line Items]            
Number of real estate properties acquired 1