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CONCENTRATION OF RISK (Tables) | 9 Months Ended
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Sep. 30, 2025
Risks and Uncertainties [Abstract] |
Schedules of Concentration of Risk | Major operator concentration – The Company has operators from which it derived 10% or more of its revenue for the nine months ended September 30, 2025 and 2024. The following table sets forth information regarding the Company’s major operators as of September 30, 2025 and 2024:
|  |  |  |  |  | Percentage of Total Revenue
Operator/Borrower |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  | Nine Months Ended
September 30, 2025(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ensign(2) |  |  |  |  |  |  |  |  |  |  |  |  |  | 17 | % |  | 20 | %
September 30, 2024(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ensign(2) |  |  |  |  |  |  |  |  |  |  |  |  |  | 25 | % |  | 28 | %
Priority Management Group |  |  |  |  |  |  |  |  |  |  |  |  |  | 11 | % |  | 12 | %
(1) Based on the Company’s rental income and interest income on other real estate related investments, exclusive of operating expense reimbursements. (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 geographies from which the Company derived 10% or more of its revenue for the nine months ended September 30, 2025 and 2024:
|  |  |  |  |  | Percentage of Total Revenue
Geography |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  | Nine Months Ended
September 30, 2025(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CA |  |  |  |  |  |  |  |  |  |  |  |  |  | 22 | % |  | 22 | %
U.K. |  |  |  |  |  |  |  |  |  |  |  |  |  | 17 | % |  | 10 | %
TX |  |  |  |  |  |  |  |  |  |  |  |  |  | 9 | % |  | 11 | %
TN |  |  |  |  |  |  |  |  |  |  |  |  |  | 9 | % |  | 10 | %
September 30, 2024(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CA |  |  |  |  |  |  |  |  |  |  |  |  |  | 28 | % |  | 29 | %
TX |  |  |  |  |  |  |  |  |  |  |  |  |  | 17 | % |  | 19 | %
(1) Based on the Company’s rental income and interest income on other real estate related investments, exclusive of operating expense reimbursements.

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- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 + Details
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