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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Summary information for the reportable segments during the year ended December 31, 2023 and 2022 is as follows ($ in thousands):
For the year ended December 31, 2023: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 249,227 |  |  | $ | — |  |  | $ | — |  |  | $ | 249,227 |
Resident fees and services | — |  |  | 48,809 |  |  | — |  |  | 48,809 |
Interest income and other | 21,448 |  |  | — |  |  | 351 |  |  | 21,799 |
Total revenues | 270,675 |  |  | 48,809 |  |  | 351 |  |  | 319,835 |
Senior housing operating expenses | — |  |  | 39,587 |  |  | — |  |  | 39,587 |
Taxes and insurance on leased properties | 11,513 |  |  | — |  |  | — |  |  | 11,513 |
NOI | 259,162 |  |  | 9,222 |  |  | 351 |  |  | 268,735 |
Depreciation | 60,764 |  |  | 9,158 |  |  | 51 |  |  | 69,973 |
Interest | 3,071 |  |  | — |  |  | 55,089 |  |  | 58,160 |
Legal | — |  |  | — |  |  | 507 |  |  | 507 |
Franchise, excise and other taxes | — |  |  | — |  |  | 449 |  |  | 449 |
General and administrative | — |  |  | — |  |  | 19,314 |  |  | 19,314 |
Loan and realty losses, net | 1,376 |  |  | — |  |  | — |  |  | 1,376 |
Gains on sales of real estate, net | (14,721) |  |  | — |  |  | — |  |  | (14,721) |
Loss on operations transfer, net | (20) |  |  | — |  |  | — |  |  | (20) |
Other income | (202) |  |  | — |  |  | — |  |  | (202) |
Loss on early retirement of debt | — |  |  | — |  |  | 73 |  |  | 73 |
Gains from equity method investment | (555) |  |  | — |  |  | — |  |  | (555) |
Net income (loss) | $ | 209,449 |  |  | $ | 64 |  |  | $ | (75,132) |  |  | $ | 134,381 |
Total assets | $ | 2,202,647 |  |  | $ | 270,051 |  |  | $ | 15,782 |  |  | $ | 2,488,480 |
For the year ended December 31, 2022: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 217,700 |  |  | $ | — |  |  | $ | — |  |  | $ | 217,700 |
Resident fees and services | — |  |  | 35,796 |  |  | — |  |  | 35,796 |
Interest income and other | 24,383 |  |  | — |  |  | 315 |  |  | 24,698 |
Total revenues | 242,083 |  |  | 35,796 |  |  | 315 |  |  | 278,194 |
Senior housing operating expenses | — |  |  | 28,193 |  |  | — |  |  | 28,193 |
Taxes and insurance on leased properties | 9,788 |  |  | — |  |  | — |  |  | 9,788 |
NOI | 232,295 |  |  | 7,603 |  |  | 315 |  |  | 240,213 |
Depreciation | 64,407 |  |  | 6,408 |  |  | 65 |  |  | 70,880 |
Interest | 3,089 |  |  | — |  |  | 41,828 |  |  | 44,917 |
Legal | — |  |  | — |  |  | 2,555 |  |  | 2,555 |
Franchise, excise and other taxes | — |  |  | — |  |  | 844 |  |  | 844 |
General and administrative | — |  |  | — |  |  | 22,768 |  |  | 22,768 |
Loan and realty losses, net | 61,911 |  |  | — |  |  | — |  |  | 61,911 |
Gains on sales of real estate, net | (28,342) |  |  | — |  |  | — |  |  | (28,342) |
Gain on operations transfer, net | 710 |  |  | — |  |  | — |  |  | 710 |
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) | $ | 132,202 |  |  | $ | 1,195 |  |  | $ | (67,896) |  |  | $ | 65,501 |
Total assets | $ | 2,225,176 |  |  | $ | 274,135 |  |  | $ | 8,113 |  |  | $ | 2,507,424 |

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- 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 + Details
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