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Investment Activity (Tables)
 9 Months Ended
Sep. 30, 2022
Real Estate [Abstract]  
Schedule of Asset Disposition During the nine months ended September 30, 2022, we completed the following real estate property dispositions within our Real Estate Investments reportable segment as described below ($ in thousands):
OperatorDatePropertiesAsset ClassNet ProceedsNet Real Estate InvestmentGain
Impairment1
Hospital Corporation of AmericaQ1 20221MOB$4,868 $1,904 $2,964 $— 
Vitality Senior Living2
Q1 20221SLC8,302 8,285 17 — 
Holiday Retirement (“Holiday”)2
Q2 20221ILF2,990 3,020 — 30 
Chancellor Senior Living2
Q2 20222ALF7,305 7,357 — 52 
Bickford2
Q2 20223ALF25,959 28,268 — 2,309 
Comfort CareQ2 20224ALF40,000 38,445 1,556 — 
Helix HealthcareQ2 20221HOSP19,500 10,535 8,965 — 
Discovery Senior Living2
Q3 20222ALF/SLC16,379 15,159 1,220 — 
National HealthCare Corporation (“NHC”)Q3 20227SNF43,686 30,066 13,620 — 
$168,989 $143,039 $28,342 $2,391 
1 Impairments are included in “Loan and realty losses” in Condensed Consolidated Statements of Income for the nine months ended September 30, 2022.
2 Total impairment charges recognized on these properties were $65.4 million, of which $28.5 million were recognized in the nine months ended September 30, 2022.
Schedule of Tenant Concentrations
The following table contains information regarding tenant concentration, excluding $2.6 million for our corporate office, $336.6 million for SHOP, and a credit loss reserve of $6.9 million, based on the percentage of revenues for the nine months ended September 30, 2022 and 2021, related to tenants or affiliates of tenants, that exceed 10% of total revenues ($ in thousands):

as of September 30, 2022
Revenues1
Asset Gross RealNotesNine Months Ended September 30,
Class
Estate2
Receivable20222021
Senior Living CommunitiesEFC$573,631 $46,669 $38,325 18%$38,094 17%
NHCSNF133,770 — 27,875 13%28,290 12%
Bickford3
ALF412,304 46,422 N/AN/A26,224 11%
Holiday3
ILF— — N/AN/A22,811 10%
All others, netVarious1,313,238 121,018 109,766 53%106,110 46%
Escrow funds from tenants
 for property operating expensesVarious— — 7,553 4%7,519 4%
$2,432,943 $214,109 183,519 229,048 
Resident fees and services4
24,005 12%— —%
$207,524 $229,048 
1 Includes interest income on notes receivable and rental income from properties classified as held for sale.
2 Amounts include any properties classified as held for sale.
3 Below 10% for the nine months ended September 30, 2022. Therefore, revenues are included in All others, net.
4 There is no tenant concentration in resident fees and services because these agreements are with individual residents.
Schedule of Future Minimum Base Rent Future minimum lease payments to be received by us under our operating leases at September 30, 2022, are as follows ($ in thousands):
Remainder of 2022$47,241 
2023183,792 
2024183,825 
2025186,425 
2026189,282 
2027149,849 
Thereafter599,001 
$1,539,415 
Schedule of Fixed and Variable Lease Payments The table below indicates the revenue recognized as a result of fixed and variable lease escalators ($ in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
Lease payments based on fixed escalators, net of deferrals$53,394 $59,027 $172,767 $188,008 
Lease payments based on variable escalators1,224 1,288 2,452 3,201 
Straight-line rent income2,476 3,798 (11,360)12,189 
Escrow funds received from tenants for property operating expenses2,358 3,182 7,553 7,519 
Amortization and write-off of lease incentives(58)(252)(7,477)(774)
Rental income$59,394 $67,043 $163,935 $210,143