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Commitments, Contingencies and Uncertainties (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

The tables below summarize our existing, known commitments and contingencies as of December 31, 2023 according to the nature of their impact on our leasehold or loan portfolios ($ in thousands):


	Asset Class	Type	Total		Funded		Remaining
Loan Commitments:
Encore Senior Living	SHO	Construction	$	50,725	$	(49,846)	$	879
Senior Living	SHO	Revolving Credit	20,000		(16,250)		3,750
Timber Ridge OpCo	SHO	Working Capital	5,000		—		5,000
Watermark Retirement	SHO	Working Capital	5,000		(2,976)		2,024
Montecito Medical Real Estate	MOB	Mezzanine Loan	50,000		(20,255)		29,745
			$	130,725	$	(89,327)	$	41,398

Schedule of Off Balance Sheet, Credit Loss, Liability, Roll Forward

The liability for expected credit losses on our unfunded loans reflected in “Accounts payable and accrued expenses” on the Consolidated Balance Sheets as of December 31, 2023 and 2022 is presented in the following table for the year ended December 31, 2023 ($ in thousands):


Balance at December 31, 2022	$	683
Provision for expected credit losses	(404)
Balance at December 31, 2023	$	279

Schedule of Lease Commitments


	Asset Class	Type	Total		Funded		Remaining
Development Commitments:
Woodland Village	SHO	Renovation	$	7,515	$	(7,425)	$	90
Navion Senior Solutions	SHO	Renovation	3,500		(2,059)		1,441
Vizion Health	SHO	Renovation	2,000		(250)		1,750
SHOP	ILF	Renovation	1,500		(1,221)		279
			$	14,515	$	(10,955)	$	3,560

Schedule of Loss Contingencies by Contingency

As of December 31, 2023, we had the following contingent lease inducement commitments which are generally based on the performance of facility operations and may or may not be met by the tenant ($ in thousands):


	Asset Class	Total		Funded		Remaining
Contingencies (Lease Inducements):
IntegraCare	SHO	$	750	—		$	750
Navion Senior Solutions	SHO	4,850		(2,700)		2,150
Discovery	SHO	4,000		—		4,000
Ignite Medical Resorts	SNF	2,000		—		2,000
		$	11,600	$	(2,700)	$	8,900