XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Commitments and Contingencies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Commitments and Contingencies |
Schedule of commitments | At December 31, 2023, we had commitments as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | ​ | ​
​ | ​ | Investment | ​ | 2023 | ​ | Commitment | ​ | Remaining
​ | ​ | Commitment | ​ | Funding | ​ | Funded | ​ | Commitment
Real estate properties (Note 5. Real Estate Investments) | ​ | $ | 13,993 | (1) | $ | 4,354 | ​ | $ | 5,072 | ​ | $ | 8,921
Accrued incentives and earn-out liabilities (Note 8. Lease Incentives) | ​ | ​ | 16,100 | (2) | ​ | 1,458 | ​ | ​ | 1,458 | ​ | ​ | 14,642
Mortgage loans (Note 5. Real Estate Investments) | ​ | ​ | 43,598 | (3) | ​ | 1,476 | ​ | ​ | 7,178 | ​ | ​ | 36,420
Notes receivable (Note 7. Notes Receivable) | ​ | ​ | 25,950 | (4) | ​ | — | ​ | ​ | 13,531 | ​ | ​ | 12,419
Total | ​ | $ | 99,641 | ​ | $ | 7,288 | ​ | $ | 27,239 | ​ | $ | 72,402
(1) | Represents commitments to purchase land and improvements, if applicable, and to develop, re-develop, renovate or expand seniors housing and health care properties.
​
(2) | Includes an earn-out payment of up to $3,000 to an operator under a master lease on four SNFs in Texas which were acquired during 2022. The master lease allows either an earn-out payment up to $3,000 or a purchase option. The earn-out payment is available, contingent on achieving certain thresholds per the lease, beginning at the end of the second lease year through the end of the fifth lease year. If neither option is elected within the timeframe defined in the lease, both elections are terminated. For more information regarding the purchase option see Note 5. Real Estate Investments.
​
(3) | Represents $19,500 related to a construction loan, $6,098 of commitments for the expansion, renovation and working capital related to seniors housing and skilled nursing properties securing the mortgage loans and $18,000 of commitments which are contingent upon the borrower achieving certain coverage ratios.
​
(4) | Represents working capital loan commitments.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about obligations resulting from other commitments. + References No definition available. + Details
Name: | us-gaap_OtherCommitmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration