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v3.22.1

Subsequent Events (Details) |  | 1 Months Ended | 3 Months Ended |
--- | --- | --- | --- | ---
Apr. 29, 2022 USD ($) item property | Jun. 30, 2022 $ / shares | May 31, 2022 $ / shares | Apr. 29, 2022 USD ($) property $ / shares | Jun. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($)
Real Estate Investments |  |  |  |  |  |  |  |
Gross Consolidated Assets |  |  |  |  |  | $ 1,536,097,000 |  | $ 1,504,825,000
Carrying value |  |  |  |  |  | 1,025,606,000 |  | 1,033,951,000
Debt: |  |  |  |  |  |  |  |
Amount borrowed |  |  |  |  |  | 47,000,000 | $ 17,000,000 |
Term loans, net of debt issue cost |  |  |  |  |  | 762,782,000 |  | 722,719,000
Available for borrowing |  |  |  |  |  | 242,100,000 |  | 289,100,000
Unsecured revolving line of credit |  |  |  |  |  | 157,900,000 |  | 110,900,000
Revolving line of credit |  |  |  |  |  |  |  |
Debt: |  |  |  |  |  |  |  |
Amount borrowed |  |  |  |  |  | 47,000,000 | $ 17,000,000 |
Term loans, net of debt issue cost |  |  |  |  |  | 157,900,000 |  | 110,900,000
Available for borrowing |  |  |  |  |  | 242,100,000 |  | $ 289,100,000
Partnership |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Gross Consolidated Assets |  |  |  |  |  | 83,499,000 |  |
ALF & MC | Virginia | 2019 Acquisitions | Partnership |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Gross Consolidated Assets |  |  |  |  |  | $ 16,895,000 |  |
Subsequent Event | Dividend Payable, April 29, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  |  | $ 0.19 |  |  |  |
Subsequent Event | Dividend Payable, May 31, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  | $ 0.19 |  |  |  |  |
Subsequent Event | Dividend Payable, June 30, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  | $ 0.19 |  |  |  |  |  |
Subsequent Event | Skilled Nursing Centers |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Number of properties acquired | property | 4 |  |  |  |  |  |  |
Acquisition Costs | $ 51,534,000 |  |  |  |  |  |  |
Number of beds/units acquired | item | 339 |  |  |  |  |  |  |
Initial lease term | 10 years |  |  | 10 years |  |  |  |
Number of options available for renewal | item | 2 |  |  |  |  |  |  |
Renewal term | 5 years |  |  | 5 years |  |  |  |
Cash yield percentage | 8.00% |  |  |  |  |  |  |
Cash yield percentage year two | 8.25% |  |  |  |  |  |  |
Working capital loan funded | $ 2,000,000 |  |  |  |  |  |  |
Subsequent Event | Common Stock | Dividend Payable, April 29, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  |  | $ 0.19 |  |  |  |
Subsequent Event | Common Stock | Dividend Payable, May 31, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  |  | $ 0.19 |  |  |  |  |
Subsequent Event | Common Stock | Dividend Payable, June 30, 2022 |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Dividends declared and paid per common share | $ / shares |  | $ 0.19 |  |  |  |  |  |
Subsequent Event | Revolving line of credit |  |  |  |  |  |  |  |
Debt: |  |  |  |  |  |  |  |
Amount borrowed | 52,000,000 |  |  |  |  |  |  |
Repayment paid | 18,000,000 |  |  |  |  |  |  |
Term loans, net of debt issue cost | 191,900,000 |  |  | $ 191,900,000 |  |  |  |
Available for borrowing | 208,100,000 |  |  | $ 208,100,000 |  |  |  |
Subsequent Event | Adjustment | Skilled Nursing Centers |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Working capital loan funded | $ 1,867,000 |  |  |  |  |  |  |
Subsequent Event | Minimum | Skilled Nursing Centers |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Annual increase in cash yield percentage | 2.00% |  |  |  |  |  |  |
Subsequent Event | Maximum | Skilled Nursing Centers |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Annual increase in cash yield percentage | 4.00% |  |  |  |  |  |  |
Subsequent Event | SNF |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Number of properties acquired | property | 4 |  |  |  |  |  |  |
Acquisition Costs | $ 51,534,000 |  |  |  |  |  |  |
Number of beds/units acquired | item | 339 |  |  |  |  |  |  |
Initial lease term | 10 years |  |  | 10 years |  |  |  |
Number of options available for renewal | item | 2 |  |  |  |  |  |  |
Renewal term | 5 years |  |  | 5 years |  |  |  |
Cash yield percentage | 8.00% |  |  |  |  |  |  |
Cash yield percentage year two | 8.25% |  |  |  |  |  |  |
Subsequent Event | SNF | Adjustment |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Working capital loan funded | $ 1,867,000 |  |  |  |  |  |  |
Subsequent Event | SNF | Minimum |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Annual increase in cash yield percentage | 2.00% |  |  |  |  |  |  |
Subsequent Event | SNF | Maximum |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Annual increase in cash yield percentage | 4.00% |  |  |  |  |  |  |
Working capital loan funded | $ 2,000,000 |  |  |  |  |  |  |
Subsequent Event | ALF | Virginia | 2019 Acquisitions | Partnership |  |  |  |  |  |  |  |
Real Estate Investments |  |  |  |  |  |  |  |
Number of Units in Real Estate Property | property | 74 |  |  | 74 |  |  |  |
Proceeds from sale of real estate | $ 16,895,000 |  |  |  |  |  |  |
Gross Consolidated Assets | 16,895,000 |  |  | $ 16,895,000 |  |  |  |
Carrying value | 15,549,000 |  |  | $ 15,549,000 |  |  |  |
Gain on sale |  |  |  |  | $ 1,300,000 |  |  |
Lease termination fees | $ 1,200,000 |  |  |  |  |  |  |

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