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Real Estate Investments - Financing Receivable (Details) $ in Thousands | 3 Months Ended
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Mar. 31, 2025 USD ($) property item $ / item | Jun. 30, 2024 USD ($) property Option
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |
Gross Investment | $ 1,329,856 |
Number of properties | property | 121 |
Financing receivables |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |
Gross Investment | $ 361,460 |
LTC Investment | $ 283,194 |
Number of properties | property | 31 |
Number of Beds/Units | item | 1,562 |
SNF |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |
Gross Investment | $ 598,423 |
Number of properties | property | 50 |
Investment per Bed/Unit | $ / item | 94.25 |
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 | $ 76,581 |
LTC Investment | $ 62,256 |
Number of properties | property | 3 |
Number of Beds/Units | item | 299 |
Investment per Bed/Unit | $ / item | 256.12 |
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 | $ 118,503 |
Number of properties | property | 11 |
Number of Beds/Units | item | 523 |
Investment per Bed/Unit | $ / item | 232,160 |
Percentage of cash return | 9.00% |
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 | $ 64,450
Number of properties | property | 13 | 13
Number of Beds/Units | item | 523 |
Investment per Bed/Unit | $ / item | 234.15 |
Percentage of cash return |  | 8.00%
Additional amount funded under mortgage loan |  | $ 5,546
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
ILF/ALF/MC | North Carolina | 7.25% (2034 Maturity Year) |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |
Number of properties | property |  | 12
ILF/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 | $ 719,428 |
Number of properties | property | 70 |
Investment per Bed/Unit | $ / item | 169.84 |
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 |
LTC Investment | $ 37,985 | $ 37,985
Number of properties | property | 4 | 4
Number of Beds/Units | item | 217 |
Investment per Bed/Unit | $ / item | 188.94 |
Percentage of cash return |  | 8.00%
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
Affiliates of ALG | ALF | North Carolina | 7.25% (2034 Maturity Year) |  |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] |  |
Gross Investment |  | $ 41,000

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