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CONCENTRATION OF RISK | 6 Months Ended
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Jun. 30, 2023
Risks and Uncertainties [Abstract] |
CONCENTRATION OF RISK | CONCENTRATION OF RISK Concentrations of credit risk arise when one or more tenants, operators, or obligors related to the Company’s investments are engaged in similar business activities or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations, including those to the Company, to be similarly affected by changes in economic conditions. Major operator concentration - The Company has operators from which it derived 10% or more of its rental revenue for the three and six months ended June 30, 2023 and 2022. The following table sets forth information regarding the Company’s major operators as of June 30, 2023 and 2022:
|  | Number of Facilities |  | Number of Beds/Units |  | Percentage of Total Revenue(1)
Operator |  | SNF |  | Campus |  | ALF/ILF |  | SNF |  | Campus |  | ALF/ILF |  | Three Months Ended |  | Six Months Ended
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ensign(2) |  | 83 |  |  | 8 |  | 7 |  |  | 8,741 |  |  | 997 |  | 661 |  |  | 36 | % |  | 36 | %
Priority Management Group |  | 13 |  |  | 2 |  | — |  |  | 1,742 |  |  | 402 |  | — |  |  | 16 | % |  | 16 | %
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ensign(2) |  | 83 |  |  | 8 |  | 7 |  |  | 8,756 |  |  | 997 |  |  | 678 |  |  | 35 | % |  | 35 | %
Priority Management Group |  | 13 |  |  | 2 |  | — |  |  | 1,742 |  |  | 402 |  |  | — |  |  | 16 | % |  | 16 | %
(1) The Company’s rental income, exclusive of operating expense reimbursements and adjustments for collectibility. (2) Ensign is subject to the registration and reporting requirements of the SEC and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign’s financial statements, as filed with the SEC, can be found at http://www.sec.gov. The Company has not verified this information through an independent investigation or otherwise. Major geographic concentration – The following table provides information regarding the Company’s concentrations with respect to certain states, from which the Company derived 10% or more of its rental revenue for the three and six months ended June 30, 2023 and 2022:
|  | Number of Facilities |  | Number of Beds/Units |  | Percentage of Total Revenue(1)
State |  | SNF |  | Campus |  | ALF/ILF |  | SNF |  | Campus |  | ALF/ILF |  | Three Months Ended |  | Six Months Ended
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CA |  | 29 |  |  | 9 |  | 5 |  |  | 3,307 |  |  | 1,527 |  |  | 437 |  |  | 28 | % |  | 28 | %
TX |  | 40 |  |  | 3 |  | 2 |  |  | 5,126 |  |  | 536 |  |  | 212 |  |  | 23 | % |  | 23 | %
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CA |  | 27 |  | 8 |  | 5 |  |  | 3,048 |  |  | 1,359 |  |  | 449 |  |  | 27 | % |  | 26 | %
TX |  | 38 |  | 3 |  | 3 |  |  | 4,849 |  |  | 536 |  |  | 242 |  |  | 22 | % |  | 22 | %
(1) Represents the Company’s rental income, exclusive of operating expense reimbursements and adjustments for collectibility.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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