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Other Commitments And Contingencies | 3 Months Ended
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Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Other Commitments And Contingencies | Other Commitments and Contingencies As of March 31, 2024, the Company had 13 development projects with commitments to fund an aggregate of approximately $158.6 million. The Company advances development costs in periodic draws. If the Company determines that construction is not being completed in accordance with the terms of the development agreement, it can discontinue funding construction draws. The Company has agreed to lease the properties to the operators at pre-determined rates upon completion of construction. The Company has certain commitments related to its mortgage notes investments that it may be required to fund in the future. The Company is generally obligated to fund these commitments at the request of the borrower or upon the occurrence of events outside of its direct control. As of March 31, 2024, the Company had five mortgage notes with commitments totaling approximately $99.9 million. If commitments are funded in the future, interest will be charged at rates consistent with the existing investments. In connection with construction of the Company's development projects and related infrastructure, certain public agencies require posting of surety bonds to guarantee that the Company's obligations will be satisfied. These bonds expire upon the completion of the improvements or infrastructure. As of March 31, 2024, the Company had four surety bonds outstanding totaling $2.1 million.

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