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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information for the reportable segments during the years ended December 31, 2024, 2023 and 2022 are as follows ($ in thousands):

For the year ended December 31, 2024:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	257,049					$	—					$	—					$	257,049
Resident fees and services			—						54,421						—						54,421
Interest income and other			23,243						—						468						23,711
Total revenues			280,292						54,421						468						335,181
Labor			—						17,166						—						17,166
Dietary			—						4,287						—						4,287
Utilities			—						3,887						—						3,887
Taxes and insurance			11,165						6,412						—						17,577
Other senior housing operating expenses1			—						10,499						—						10,499
NOI			269,127						12,170						468						281,765
Depreciation			61,249						10,157						37						71,443
Interest			3,060						—						56,843						59,903
Legal			—						—						1,052						1,052
Franchise, excise and other taxes			—						—						38						38
General and administrative			—						—						20,736						20,736
Loan and realty losses, net			5,295						—						—						5,295
Gains on sales of real estate			(6,678)						—						—						(6,678)
Gains from equity method investment			(402)						—						—						(402)
Gain on forward equity sale agreement, net			—						—						(6,261)						(6,261)
Net income (loss)			$	206,603					$	2,013					$	(71,977)					$	136,639
Total assets			$	2,325,269					$	270,273					$	18,829					$	2,614,371
1Includes management fees, general and administrative and marketing expenses.

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
Labor			—						16,165						—						16,165
Dietary			—						3,763						—						3,763
Utilities			—						3,537						—						3,537
Taxes and insurance			11,513						5,889						—						17,402
Other senior housing operating expenses1			—						10,233						—						10,233
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			(14,721)						—						—						(14,721)
Gain 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
1Includes management fees, general and administrative and marketing expenses.

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
Labor			—						11,184						—						11,184
Dietary			—						2,749						—						2,749
Utilities			—						2,633						—						2,633
Taxes and insurance			9,788						4,183						—						13,971
Other senior housing operating expenses1			—						7,444						—						7,444
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			(28,342)						—						—						(28,342)
Loss 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
1Includes management fees, general and administrative and marketing expenses.

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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