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Real Estate Investments - Mortgage Loans Activity (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Sep. 30, 2025 property | Sep. 30, 2024 USD ($) property | Sep. 30, 2025 USD ($) property | Sep. 30, 2024 USD ($) property | Dec. 31, 2024 USD ($) item | Sep. 30, 2025 USD ($) | Sep. 30, 2025 item | Sep. 30, 2025 period
Mortgage Loans |  |  |  |  |  |  |  |
Originations and funding under mortgage loans receivable |  |  | $ 99,590 | $ 19,078 |  |  |  |
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables |  | $ (64,450) |  | (102,435) |  |  |  |
Pay-offs received |  |  | (21,281) | (34,094) |  |  |  |
Application of interest reserve |  |  |  | 169 |  |  |  |
Scheduled principal payments received |  |  | (450) | (380) |  |  |  |
Mortgage loan premium amortization |  |  | (6) | (4) |  |  |  |
(Provision) recovery for loan loss reserve |  |  | (779) | 1,176 |  |  |  |
Net (decrease) increase in mortgage loans receivable |  |  | $ 77,074 | (116,490) |  |  |  |
Gross Investment |  |  |  |  |  | $ 1,596,451 |  |
Number of beds/units | item |  |  |  |  |  |  | 213 |
Number of Properties | 128 |  | 128 |  |  |  | 128 |
Remaining commitment |  |  |  |  |  | 61,993 |  |
Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 393,587 |  |
Number of Properties | property | 27 |  | 27 |  |  |  |  |
Other Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Additions to mortgage loans |  |  |  | 767 |  |  |  |
SNF |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 599,663 |  |
Number of Properties | 50 |  | 50 |  |  |  | 50 |
SNF | Mortgage loans with 8.8% Interest Maturing 2028 | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  | 9.00% |  |  |  |  |
SH |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 984,783 |  |
Number of Properties | 77 |  | 77 |  |  |  | 77 |
SH | Mortgage Loans With 8.3% Interest Maturing 2030 | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 55,350 |  |
Number of Properties | property | 2 |  | 2 |  |  |  |  |
Interest rate (as a percent) |  |  | 8.30% |  |  |  |  |
ALF | Mortgage Loans With 8.75 Interest | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Remaining commitment |  |  |  |  |  | 3,013 |  |
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 |  |  |  |  |  | 3,733 |  |
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 |  | $ 9,999 |  | 9,999 |  | 39,330 |  |
California | ALF/MC | Mortgage Loans With 8.3% Interest Maturing 2030 |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 57,550 |  |
Number of beds/units | item |  |  |  |  |  |  | 171 |
Number of Properties | property | 2 |  | 2 |  |  |  |  |
Loan Term |  |  | 5 years |  |  |  |  |
Interest rate (as a percent) |  |  | 8.30% |  |  |  |  |
Funding under mortgage loan commitment |  |  |  |  |  | 55,350 |  |
Illinois | Mortgage Loans |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  | $ 26,120 |  |  |
Number of beds/units | item |  |  |  |  | 116 |  |  |
Borrower contribution |  |  |  |  | $ 12,300 |  |  |
Interest rate (as a percent) |  |  |  |  | 9.00% |  |  |
Internal Rate of Return |  |  |  |  | 9.50% |  |  |
Illinois | ILF/ALF/MC | Mortgage Loans With 9.0 Interest Maturing 2030 |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Gross Investment |  |  |  |  |  | 26,120 |  |
Number of beds/units | item |  |  |  |  |  |  | 116 |
Borrower contribution |  |  | $ 12,300 |  |  |  |  |
Remaining commitment |  |  |  |  |  | 24,943 |  |
Interest rate (as a percent) | 9.00% |  |  |  |  |  |  |
Internal Rate of Return | 9.50% |  |  |  |  |  |  |
Funding under mortgage loan commitment |  |  |  |  |  | $ 1,177 |  |
Affiliates of ALG |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Additional amount funded under mortgage loan |  |  |  | 5,546 |  |  |  |
Affiliates of ALG | North Carolina/ South Carolina | ALF/MC |  |  |  |  |  |  |  |
Mortgage Loans |  |  |  |  |  |  |  |
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables |  |  |  | $ (64,450) |  |  |  |
Number of properties collateralized | property |  | 13 |  | 13 |  |  |  |
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 |  |  |  |

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- Definition Total amount of mortgage loans exchange for controlling interest in joint ventures accounted for as financial receivables. + References No definition available. + Details
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