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Real Estate Investments - Financing Receivable (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | 33 Months Ended |
--- | --- | --- | --- | --- | ---
Sep. 30, 2024 USD ($) property | Jun. 30, 2024 USD ($) property Option | Sep. 30, 2023 USD ($) | Sep. 30, 2024 USD ($) item property $ / item | Sep. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) item Option property $ / item | Dec. 31, 2022 USD ($) item Option property $ / item | Sep. 30, 2024 USD ($) property item | Nov. 30, 2023
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment | $ 1,342,188 |  |  | $ 1,342,188 |  |  |  | $ 1,342,188 |
Number of properties | property | 124 |  |  | 124 |  |  |  | 124 |
Interest income from financing receivables | $ 7,001 |  | $ 3,832 | $ 14,661 | $ 11,413 |  |  |  |
Non-controlling interest owned by JV partner |  | 7.00% |  |  |  |  |  |  |
Lease renewal term |  |  |  |  |  |  |  |  | 4 years
Provision for credit losses | 215 |  | $ 189 | 942 | $ 2,107 |  |  |  |
Financing receivables |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment | $ 361,505 |  |  | $ 361,505 |  |  |  | $ 361,505 |
LTC Investment |  |  |  |  |  |  |  | $ 282,324 |
Number of properties | property | 31 |  |  | 31 |  |  |  | 31 |
Number of Beds/Units | item |  |  |  |  |  |  |  | 1,562 |
Florida | 7.25% (2032 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Number of properties | property |  |  |  |  |  |  | 3 |  |
Lease term |  |  |  |  |  |  | 10 years |  |
Number of operating lease renewals | Option |  |  |  |  |  |  | 2 |  |
Lease renewal term |  |  |  |  |  |  | 5 years |  |
SNF |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment | $ 598,063 |  |  | $ 598,063 |  |  |  | $ 598,063 |
Number of properties | property | 50 |  |  | 50 |  |  |  | 50 |
Investment per Bed/Unit | $ / item |  |  |  | 94.20 |  |  |  |  |
SNF | Florida | 7.25% (2032 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  | 7.25% |  |
Gross Investment |  |  |  |  |  |  | $ 76,626 |  |
LTC Investment |  |  |  |  |  |  | $ 62,301 |  |
Number of properties | property |  |  |  |  |  |  | 3 |  |
Number of Beds/Units | item |  |  |  |  |  |  | 299 |  |
Investment per Bed/Unit | $ / item |  |  |  |  |  |  | 256.27 |  |
ALF & MC | North Carolina/ South Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 7.25% |  |  |  |  |
Gross Investment | $ 122,460 |  |  | $ 122,460 |  |  |  | $ 122,460 |
LTC Investment |  |  |  | $ 64,450 |  |  |  |  |
Number of properties | property | 13 | 13 |  | 13 |  |  |  | 13 |
Number of Beds/Units | item |  |  |  | 523 |  |  |  |  |
Investment per Bed/Unit | $ / item |  |  |  | 234.15 |  |  |  |  |
Additional amount funded under mortgage loan |  | $ 5,546 |  |  |  |  |  |  |
ALF & MC | North Carolina | 7.25% (2033 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  | 7.25% |  |  |
Gross Investment |  |  |  |  |  | $ 121,419 |  |  |
LTC Investment |  |  |  |  |  | $ 117,588 |  |  |
Number of properties | property |  |  |  |  |  | 11 |  |  |
Number of Beds/Units | item |  |  |  |  |  | 523 |  |  |
Investment per Bed/Unit | $ / item |  |  |  |  |  | 232,160 |  |  |
Percentage of contractual initial cash yield |  |  |  |  |  | 7.25% |  |  |
Lease term |  |  |  |  |  | 10 years |  |  |
Number of operating lease renewals | Option |  |  |  |  |  | 2 |  |  |
Lease renewal term |  |  |  |  |  | 5 years |  |  |
Percentage of contractual initial cash yield in year three |  |  |  |  |  | 7.50% |  |  |
Percentage of floor on initial cash yield |  |  |  |  |  | 2.00% |  |  |
Percentage of ceiling on initial cash yield |  |  |  |  |  | 4.00% |  |  |
Maximum percentage of purchase option to buy properties |  |  |  |  |  | 50.00% |  |  |
Percentage of cash return |  |  |  |  |  | 9.00% |  |  |
Interest income deferred |  |  |  | $ 2,240 |  |  |  |  |
Interest income deferred per month |  |  |  | 258 |  |  |  |  |
ALF & MC | North Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment |  | 122,460 |  |  |  |  |  |  |
LTC Investment |  | $ 64,450 |  |  |  |  |  |  |
Number of properties | property |  | 12 |  |  |  |  |  |  |
Controlling interest obtained from JV (%) |  | 53.00% |  |  |  |  |  |  |
Non-controlling interest owned by JV partner |  | 47.00% |  |  |  |  |  |  |
Lease term |  | 10 years |  |  |  |  |  |  |
Number of operating lease renewals | Option |  | 2 |  |  |  |  |  |  |
Lease renewal term |  | 5 years |  |  |  |  |  |  |
Percentage of cash return |  | 8.00% |  |  |  |  |  |  |
ALF & MC | South Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Number of properties | property |  | 1 |  |  |  |  |  |  |
ALF |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment | $ 732,120 |  |  | $ 732,120 |  |  |  | $ 732,120 |
Number of properties | property | 73 |  |  | 73 |  |  |  | 73 |
Investment per Bed/Unit | $ / item |  |  |  | 168.65 |  |  |  |  |
ALF | North Carolina/ South Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 7.25% |  |  |  |  |
Gross Investment | $ 41,000 |  |  | $ 41,000 |  |  |  | $ 41,000 |
LTC Investment |  | $ 37,985 |  | $ 37,985 |  |  |  |  |
Number of properties | property | 4 | 4 |  | 4 |  |  |  | 4 |
Number of Beds/Units | item |  |  |  | 217 |  |  |  |  |
Investment per Bed/Unit | $ / item |  |  |  | 188.94 |  |  |  |  |
Additional amount funded under mortgage loan |  | $ 2,766 |  |  |  |  |  |  |
Controlling interest obtained from JV (%) |  | 93.00% |  |  |  |  |  |  |
Lease term |  | 10 years |  |  |  |  |  |  |
Number of operating lease renewals | Option |  | 2 |  |  |  |  |  |  |
Lease renewal term |  | 5 years |  |  |  |  |  |  |
Percentage of cash return |  | 8.00% |  |  |  |  |  |  |
Affiliates of ALG |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Additional amount funded under mortgage loan |  |  |  | $ 5,546 |  |  |  |  |
Affiliates of ALG | ALF | 7.25% (2034 Maturity Year) |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Gross Investment |  | $ 41,000 |  |  |  |  |  |  |
Affiliates of ALG | ALF | North Carolina |  |  |  |  |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |  |  |  |  |
Additional amount funded under mortgage loan |  |  |  | $ 2,766 |  |  |  |  |

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