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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information for the reportable segments during the three months ended June 30, 2023 is as follows ($ in thousands):

For the three months ended June 30, 2023:			Real Estate Investment						SHOP						Non-segment/Corporate						Total
Rental income			$	60,952					$	—					$	—					$	60,952
Resident fees and services			—						11,793						—						11,793
Interest income and other			5,083						—						48						5,131
Total revenues			66,035						11,793						48						77,876
Senior housing operating expenses			—						9,682						—						9,682
Taxes and insurance on leased properties			3,212						—						—						3,212
NOI			62,823						2,111						48						64,982
Depreciation			15,477						2,239						14						17,730
Interest			766						—						13,428						14,194
Legal			—						—						174						174
Franchise, excise and other taxes			—						—						258						258
General and administrative			—						—						4,306						4,306
Loan and realty losses			186						—						—						186
Gains on sales of real estate, net			(11,366)						—						—						(11,366)
Gain on operations transfer			(20)						—						—						(20)
Loss on early retirement of debt			—						—						73						73
Net income (loss)			$	57,780					$	(128)					$	(18,205)					$	39,447
Total assets			$	2,217,124					$	271,359					$	10,012					$	2,498,495

For the three months ended June 30, 2022:			Real Estate Investment						SHOP						Non-segment/Corporate						Total
Rental income			$	39,982					$	—					$	—					$	39,982
Resident fees and services			—						11,992						—						11,992
Interest income and other			7,825						—						100						7,925
Total revenues			47,807						11,992						100						59,899
Senior housing operating expenses			—						9,113						—						9,113
Taxes and insurance on leased properties			2,157						—						—						2,157
NOI			45,650						2,879						100						48,629
Depreciation			15,638						2,116						18						17,772
Interest			771						—						10,091						10,862
Legal			—						—						339						339
Franchise, excise and other taxes			—						—						225						225
General and administrative			—						—						5,049						5,049
Loan and realty losses			4,094						—						—						4,094
Gains on sales of real estate, net			(10,521)						—						—						(10,521)
Loss on operations transfer, net			729						—						—						729
Gain on note receivable payoff			(1,113)						—						—						(1,113)
Gains from equity method investment			(273)						—						—						(273)
Net income (loss)			$	36,325					$	763					$	(15,622)					$	21,466
Total assets			$	2,277,599					$	277,155					$	32,537					$	2,587,291

For the six months ended June 30, 2023:			Real Estate Investment						SHOP						Non-segment/Corporate						Total
Rental income			$	126,250					$	—					$	—					$	126,250
Resident fees and services			—						23,493						—						23,493
Interest income and other			10,391						—						130						10,521
Total revenues			136,641						23,493						130						160,264
Senior housing operating expenses			—						19,481						—						19,481
Taxes and insurance on leased properties			5,830						—						—						5,830
NOI			130,811						4,012						130						134,953
Depreciation			30,854						4,466						27						35,347
Interest			1,525						—						26,696						28,221
Legal			—						—						297						297
Franchise, excise and other taxes			—						—						441						441
General and administrative			—						—						9,959						9,959
Loan and realty gains			(232)						—						—						(232)
Gains on sales of real estate, net			(12,763)						—						—						(12,763)
Gain on operations transfer, net			(20)						—						—						(20)
Loss on early retirement of debt			—						—						73						73
Net income (loss)			$	111,447					$	(454)					$	(37,363)					$	73,630

For the six months ended June 30, 2022:			Real Estate Investment						SHOP						Non-segment/Corporate						Total
Rental income			$	104,541					$	—					$	—					$	104,541
Resident fees and services			—						11,992						—						11,992
Interest income and other			14,542						—						152						14,694
Total revenues			119,083						11,992						152						131,227
Senior housing operating expenses			—						9,113						—						9,113
Taxes and insurance on leased properties			5,195						—						—						5,195
NOI			113,888						2,879						152						116,919
Depreciation			33,892						2,116						36						36,044
Interest			1,534						—						19,526						21,060
Legal			—						—						2,166						2,166
Franchise, excise and other taxes			—						—						469						469
General and administrative			—						—						13,150						13,150
Loan and realty losses			28,622						—						—						28,622
Gains on sales of real estate, net			(13,502)						—						—						(13,502)
Loss on operations transfer, net			729						—						—						729
Gain on note receivable payoff			(1,113)						—						—						(1,113)
Loss on early retirement of debt			—						—						151						151
Gains from equity method investment			(569)						—						—						(569)
Net income (loss)			$	64,295					$	763					$	(35,346)					$	29,712

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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