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Real Estate Investments - Mortgage Loans Activity (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended |
--- | --- | --- | --- | --- | ---
Jul. 31, 2025 USD ($) | Jun. 30, 2024 USD ($) property | Jun. 30, 2025 USD ($) property | Jun. 30, 2024 USD ($) property | Dec. 31, 2024 USD ($) item | Jun. 30, 2025 USD ($) | Jun. 30, 2025 item | Jun. 30, 2025 period
Mortgage Loans |  |  |  |  |  |  |  |
Originations and funding under mortgage loans receivable |  |  | $ 41,535 | $ 15,957 |  |  |  |
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables |  | $ (64,450) |  | (102,435) |  |  |  |
Pay-offs received |  |  |  | (2,013) |  |  |  |
Application of interest reserve |  |  |  | 169 |  |  |  |
Scheduled principal payments received |  |  | (451) | (380) |  |  |  |
Mortgage loan premium amortization |  |  | (3) | (3) |  |  |  |
Recovery (provision) for loan loss reserve |  |  | (411) | 887 |  |  |  |
Net (decrease) increase in mortgage loans receivable |  |  | $ 40,670 | (87,818) |  |  |  |
Gross Investment |  |  |  |  |  | $ 1,329,683 |  |
Number of beds/units | item |  |  |  |  |  |  | 213 |
Number of Properties |  |  | 121 |  |  |  | 121 |
Remaining commitment |  |  |  |  |  | 66,768 |  |
Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 356,815 |  |
Number of Properties | property |  |  | 28 |  |  |  |  |
Other Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Additions to mortgage loans |  |  |  | 767 |  |  |  |
SNF |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 598,800 |  |
Number of Properties |  |  | 50 |  |  |  | 50 |
SNF | Mortgage loans with 8.8% Interest Maturing 2028 | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 16,500 |  |
Number of Properties | property |  |  | 1 |  |  |  |  |
Interest rate (as a percent) |  |  | 8.80% |  |  |  |  |
ALF | Mortgage Loans With 8.75 Interest | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Remaining commitment |  |  |  |  |  | 3,706 |  |
ALF/MC | Subsequent Event |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Payments to Acquire Real Estate | $ 35,200 |  |  |  |  |  |  |
Michigan | ALF/MC | Mortgage Loans With 8.75 Interest |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 19,500 |  |
Number of beds/units | item |  |  |  |  |  |  | 85 |
Borrower contribution |  |  | $ 12,100 |  |  |  |  |
Loan Term |  |  | 3 years |  |  |  |  |
Interest rate (as a percent) |  |  | 8.75% |  |  |  |  |
Loan extension term |  |  | 1 year |  |  |  |  |
Funding under mortgage loan commitment |  |  |  |  |  | 3,040 |  |
Extension term number of options | period |  |  |  |  |  |  |  | 2
Florida | ILF/ALF/MC | Mortgage loans with 8.5% interest |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  | 19,500 |  | 19,500 |  | 42,300 |  |
Number of beds/units | item |  |  |  |  |  |  | 250 |
Loan Term |  |  | 5 years |  |  |  |  |
Interest rate (as a percent) |  |  | 8.50% |  |  |  |  |
Funding under mortgage loan commitment |  | $ 6,878 |  | 6,878 |  | $ 38,495 |  |
Illinois | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  | $ 26,120 |  |  |
Number of beds/units | item |  |  |  |  | 116 |  |  |
Borrower contribution |  |  |  |  | $ 12,300 |  |  |
Loan Term |  |  |  |  | 6 years |  |  |
Interest rate (as a percent) |  |  |  |  | 9.00% |  |  |
Affiliates of ALG |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Additional amount funded under mortgage loan |  |  |  | $ 5,546 |  |  |  |
Affiliates of ALG | North Carolina/ South Carolina | ALF/MC |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of properties collateralized | property |  | 13 |  | 13 |  |  |  |
Affiliates of ALG | Michigan | ALF/MC |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables |  |  | $ (64,450) |  |  |  |  |
Affiliates of ALG | North Carolina | ALF |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables |  | $ (37,985) |  | $ (37,985) |  |  |  |
Number of Properties | property |  | 4 |  | 4 |  |  |  |
Additional amount funded under mortgage loan |  |  |  | $ 2,766 |  |  |  |
Affiliates of ALG | North Carolina | ALF/MC |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of properties collateralized | property |  | 12 |  | 12 |  |  |  |
Affiliates of ALG | South Carolina | ALF/MC |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of properties collateralized | property |  | 1 |  | 1 |  |  |  |
SNF Beds |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of beds/units | item |  |  |  |  |  |  | 6,231 |
SNF Beds | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of beds/units | item |  |  |  |  |  |  | 2,726 |
SNF Beds | SNF |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of beds/units | item |  |  |  |  |  |  | 6,113 |
SNF Beds | SNF | Mortgage loans with 8.8% Interest Maturing 2028 | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Number of beds/units | item |  |  |  |  |  |  | 150 |

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- Definition The amount contributed by the borrower of mortgage loans. + References No definition available. + Details
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