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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental income $ 257,049 $ 249,227 $ 217,700
Resident fees and services 54,421 48,809 35,796
Interest income and other 23,711 21,799 24,698
Revenues 335,181 319,835 278,194
Expenses:      
Depreciation 71,443 69,973 70,880
Interest 59,903 58,160 44,917
Other senior housing operating expenses1 42,251 39,587 28,193
Legal 1,052 507 2,555
Franchise, excise and other taxes 38 449 844
General and administrative 20,736 19,314 22,768
Taxes and insurance on leased properties 11,165 11,513 9,788
Loan and realty losses, net 5,295 1,376 61,911
Total operating expenses 211,883 200,879 241,856
Gain (loss) on operations transfer, net 0 20 (710)
Gain on note receivable payoff 0 0 1,113
Loss on early retirement of debt 0 (73) (151)
Gains from equity method investment 402 555 569
Gains on sales of real estate 6,678 14,721 28,342
Gain on forward equity sale agreement, net 6,261 0 0
Other income 0 202 0
Net income (loss) 136,639 134,381 65,501
Add: net loss attributable to noncontrolling interests 1,346 1,273 902
Net income attributable to stockholders 137,985 135,654 66,403
Less: net income attributable to unvested restricted stock awards (118) (57) 0
Net income attributable to common stockholders $ 137,867 $ 135,597 $ 66,403
Weighted average common shares outstanding:      
Basic (in shares) 43,844,771 43,388,794 44,774,708
Diluted (in shares) 44,102,636 43,389,466 44,794,236
Earnings per common share - basic (in usd per share) $ 3.14 $ 3.13 $ 1.48
Earnings per common share - diluted (in usd per share) $ 3.13 $ 3.13 $ 1.48