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Subsequent Events
 9 Months Ended
Sep. 30, 2025
Subsequent Events  
Subsequent Events

18.

Subsequent Events

Subsequent to September 30, 2025, the following events occurred:

Real Estate. We acquired an 88-unit seniors housing community within our SHOP segment in Georgia for $22,900,000. In conjunction with the acquisition, we entered into a management agreement with an operator new to us.

Property Sales. We sold two skilled nursing centers in Florida totaling 240 beds for $43,000,000. We received $41,900,000 of net proceeds and expect to record a gain on sale of approximately $26,000,000. Additionally, we sold five skilled nursing centers in Virginia (4) and California (1) with a total of 656 beds for an aggregate sales price of $79,950,000. We will use the total proceeds of $78,900,000 in a 1031 exchange for the acquisitions within our SHOP segment and anticipate recording an aggregate gain on sale of approximately $52,000,000. These seven properties had an aggregate gross book value and net book value of $71,742,000 and $42,458,000, respectively.

Debt. We repaid $62,900,000 under our unsecured revolving line of credit. Accordingly, we have $485,550,000 outstanding and $114,450,000 available for borrowing under our unsecured revolving line of credit.

Equity: We sold 281,400 shares of common stock for $10,260,000 in net proceeds under our Equity Distribution Agreements. Accordingly, we have $319,881,000 available under our Equity Distribution Agreements.

Additionally, we declared a monthly cash dividend of $0.19 per share on our common stock for the months of October, November and December 2025, payable on October 31, November 28, and December 31, 2025, respectively to stockholders of record on October 23, November 20, and December 23, 2025, respectively.