XML 59 R47.htm IDEA: XBRL DOCUMENT v3.25.1
Real Estate Investments - Financing Receivable (Details)
$ in Thousands
3 Months Ended
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