XML 26 R11.htm IDEA: XBRL DOCUMENT v3.22.4
Major Operators
12 Months Ended
Dec. 31, 2022
Major Operators  
Major Operators

3. Major Operators

We have one operator from which we derive approximately 10% or more of our total revenues. The following table sets forth information regarding our major operator as of December 31, 2022:

Number of

Number of

Percentage of

SNF

ALF

Total

Total

Operator

SNF

ALF

Beds

Units

Revenues (1)

Assets (2)

Prestige Healthcare (3)

24

2,820

93

18.6

%

16.0

%

(1)Includes total revenues for the twelve months ended December 31, 2022.

(2)Represents the net carrying value of the mortgage loans and properties we own divided by the Total assets on the Consolidated Balance Sheets.

(3)The majority of the revenue derived from this operator relates to interest income from mortgage loans.

Our financial position and ability to make distributions may be adversely affected if Prestige Healthcare, or any of our lessees and borrowers face financial difficulties, including any bankruptcies, inability to emerge from bankruptcy, insolvency, or general downturn in business of any such operator, impact upon services or occupancy levels due to infectious disease outbreaks, or in the event any such operator does not renew and/or extend its relationship with us.