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Segment Reporting (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
[1]
Segment Reporting Information [Line Items]          
Rental income $ 65,760 $ 60,952 $ 127,947 $ 126,250  
Resident fees and services 13,390 11,793 26,645 23,493  
Interest income and other 5,820 5,131 11,890 10,521  
Total revenues 84,970 77,876 166,482 160,264  
Senior housing operating expenses 10,437 9,682 20,751 19,481  
Taxes and insurance on leased properties 2,802 3,212 5,535 5,830  
NOI 71,731 64,982 140,196 134,953  
Depreciation 17,490 17,730 34,995 35,347  
Interest 14,854 14,194 29,723 28,221  
Legal 165 174 400 297  
Franchise, excise and other taxes 47 258 (139) 441  
General and administrative 4,870 4,306 10,510 9,959  
Loan and realty losses (gains) 1,106 186 1,116 (232)  
Gains on sales of real estate, net (1,517) (11,366) (1,617) (12,763)  
Gain on operations transfer, net 0 (20) 0 (20)  
Loss on early retirement of debt 0 73 0 73  
Gains from equity method investment (236) 0 (402) 0  
Net income 34,952 39,447 65,610 73,630  
Total assets 2,476,912 [1] 2,498,495 2,476,912 [1] 2,498,495 $ 2,488,480
Operating Segments | Real Estate Investments          
Segment Reporting Information [Line Items]          
Rental income 65,760 60,952 127,947 126,250  
Resident fees and services 0 0 0 0  
Interest income and other 5,744 5,083 11,685 10,391  
Total revenues 71,504 66,035 139,632 136,641  
Senior housing operating expenses 0 0 0 0  
Taxes and insurance on leased properties 2,802 3,212 5,535 5,830  
NOI 68,702 62,823 134,097 130,811  
Depreciation 14,992 15,477 30,050 30,854  
Interest 761 766 1,524 1,525  
Legal 0 0 0 0  
Franchise, excise and other taxes 0 0 0 0  
General and administrative 0 0 0 0  
Loan and realty losses (gains) 1,106 186 1,116 (232)  
Gains on sales of real estate, net (1,517) (11,366) (1,617) (12,763)  
Gain on operations transfer, net   (20)   (20)  
Loss on early retirement of debt   0   0  
Gains from equity method investment (236)   (402)    
Net income 53,596 57,780 103,426 111,447  
Total assets 2,197,656 2,217,124 2,197,656 2,217,124  
Operating Segments | SHOP          
Segment Reporting Information [Line Items]          
Rental income 0 0 0 0  
Resident fees and services 13,390 11,793 26,645 23,493  
Interest income and other 0 0 0 0  
Total revenues 13,390 11,793 26,645 23,493  
Senior housing operating expenses 10,437 9,682 20,751 19,481  
Taxes and insurance on leased properties 0 0 0 0  
NOI 2,953 2,111 5,894 4,012  
Depreciation 2,490 2,239 4,927 4,466  
Interest 0 0 0 0  
Legal 0 0 0 0  
Franchise, excise and other taxes 0 0 0 0  
General and administrative 0 0 0 0  
Loan and realty losses (gains) 0 0 0 0  
Gains on sales of real estate, net 0 0 0 0  
Gain on operations transfer, net   0   0  
Loss on early retirement of debt   0   0  
Gains from equity method investment 0   0    
Net income 463 (128) 967 (454)  
Total assets 268,187 271,359 268,187 271,359  
Non-segment/Corporate          
Segment Reporting Information [Line Items]          
Rental income 0 0 0 0  
Resident fees and services 0 0 0 0  
Interest income and other 76 48 205 130  
Total revenues 76 48 205 130  
Senior housing operating expenses 0 0 0 0  
Taxes and insurance on leased properties 0 0 0 0  
NOI 76 48 205 130  
Depreciation 8 14 18 27  
Interest 14,093 13,428 28,199 26,696  
Legal 165 174 400 297  
Franchise, excise and other taxes 47 258 (139) 441  
General and administrative 4,870 4,306 10,510 9,959  
Loan and realty losses (gains) 0 0 0 0  
Gains on sales of real estate, net 0 0 0 0  
Gain on operations transfer, net   0   0  
Loss on early retirement of debt   73   73  
Gains from equity method investment 0   0    
Net income (19,107) (18,205) (38,783) (37,363)  
Total assets $ 11,069 $ 10,012 $ 11,069 $ 10,012  
[1] The condensed consolidated balance sheets include the following amounts related to our consolidated Variable Interest Entities (“VIE”s): $507.9 million and $513.2 million of Real estate properties, net; $8.3 million and $10.9 million of Cash and cash equivalents; $9.8 million and $9.7 million of Straight-line rent receivable; $9.3 million and $9.4 million of Other assets, net; and
$4.3 million and $4.7 million of Accounts payable and accrued expenses, in each case as of June 30, 2024 and December 31, 2023, respectively.