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Real Estate Investments - Financing Receivable (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | 36 Months Ended
--- | --- | --- | ---
Jun. 30, 2024 USD ($) Option property | Dec. 31, 2024 USD ($) item property $ / item | Dec. 31, 2023 USD ($) Option item property $ / item | Dec. 31, 2022 USD ($) property item Option $ / item | Dec. 31, 2024 USD ($) property
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Gross Investment |  | $ 47,717 |  |  | $ 47,717
Number of properties | property |  | 123 |  |  | 123
Interest income from financing receivables |  | $ 21,663 | $ 15,243 | $ 1,762 |
Provision for credit losses |  | 741 | 5,678 | $ 1,528 |
Financing receivables |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Gross Investment |  |  | 361,482 |  |
LTC Investment |  |  | $ 282,301 |  |
Number of properties | property |  |  | 31 |  |
Number of Beds/Units | item |  |  | 1,562 |  |
Interest income from financing receivables |  | $ 21,663 | $ 15,243 |  |
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] |  |  |  |  |
Number of properties | property |  | 50 |  |  | 50
Interest income from financing receivables |  |  |  | $ 1,762 |
SNF | Financing receivables |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Percentage of contractual initial cash yield |  |  |  |  | 7.25%
Interest income from financing receivables |  | $ 5,611 | 5,618 |  |
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 |  |  |  | $ 76,603 |
LTC Investment |  |  |  | $ 62,278 |
Number of properties | property |  |  |  | 3 |
Number of Beds/Units | item |  |  |  | 299 |
Investment per Bed/Unit | $ / item |  |  |  | 256.2 |
ALF & MC | Financing receivables |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Percentage of contractual initial cash yield |  |  |  |  | 7.25%
Interest income from financing receivables |  | 9,710 | $ 9,625 |  |
ALF & MC | North Carolina/ South Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Number of properties | property | 13 |  |  |  |
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 |  |  | 232.16 |  |
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 |  |  | $ 3,014 |  |
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 |  |  |  |
ILF/ALF/MC | Financing receivables |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Percentage of contractual initial cash yield |  |  |  |  | 7.25%
Interest income from financing receivables |  | $ 4,751 |  |  |
ILF/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
LTC Investment |  | $ 64,450 |  |  |
Number of properties | property |  | 13 |  |  | 13
Number of Beds/Units | item |  | 523 |  |  |
Investment per Bed/Unit | $ / item |  | 234.15 |  |  |
ALF |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Number of properties | property |  | 72 |  |  | 72
ALF | Financing receivables |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Percentage of contractual initial cash yield |  |  |  |  | 7.25%
Interest income from financing receivables |  | $ 1,591 |  |  |
ALF | North Carolina/ South Carolina | 7.25% (2034 Maturity Year) |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Gross Investment | $ 41,000 |  |  |  |
LTC Investment | $ 37,985 |  |  |  |
Number of properties | property | 4 |  |  |  |
Additional amount funded under mortgage loan | $ 2,766 |  |  |  |
Controlling interest obtained from JV (%) | 93.00% |  |  |  |
Non-controlling interest owned by JV partner | 7.00% |  |  |  |
Lease term | 10 years |  |  |  |
Number of operating lease renewals | Option | 2 |  |  |  |
Lease renewal term | 5 years |  |  |  |
Percentage of cash return | 8.00% |  |  |  |
ALF | North Carolina |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Number of properties | property |  |  | 4 |  |
ALF | North 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
LTC Investment |  | $ 37,985 |  |  |
Number of properties | property |  | 4 |  |  | 4
Number of Beds/Units | item |  | 217 |  |  |
Investment per Bed/Unit | $ / item |  | 188.94 |  |  |
Affiliates of ALG |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Additional amount funded under mortgage loan |  | $ 5,546 |  |  |
Affiliates of ALG | ALF | North Carolina |  |  |  |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |  |  |  |
Number of properties | property |  | 4 |  |  | 4
Additional amount funded under mortgage loan |  | $ 2,766 |  |  |

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