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Real Estate | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Real Estate | Note 4—Real Estate The Company’s real estate assets were comprised of the following ($ in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2022 | ​ | 2021
Land, at cost | ​ | $ | 5,570 | ​ | $ | 6,831
Buildings and improvements, at cost | ​ |  | 89,023 | ​ |  | 106,679
Less: accumulated depreciation | ​ |  | (18,096) | ​ |  | (21,360)
Real estate, net | ​ |  | 76,497 | ​ |  | 92,150
Real estate available and held for sale(1) | ​ |  | 3,977 | ​ |  | 301
Total real estate | ​ | $ | 80,474 | ​ | $ | 92,451
(1) | As of December 31, 2022 and 2021, the Company had $4.0 million and $0.3 million, respectively, of residential homes/condominiums available for sale in its operating properties portfolio.
Dispositions—Refer to Note 3 - Net Lease Sale and Discontinued Operations. ​ During the year ended December 31, 2022, the Company sold an operating property with a carrying value of $14.4 million and recognized gains of $25.2 million in “Income from sales of real estate” in the Company’s consolidated statements of operations. During the year ended December 31, 2021, the Company sold a commercial operating property with a carrying value of $96.8 million and recognized gains of $25.6 million and sold residential operating properties and recognized gains of $0.7 million in “Income from sales of real estate” in the Company’s consolidated statements of operations. ​ Real Estate Available and Held for Sale—During the year ended December 31, 2021, the Company transferred an operating property with a carrying value of $96.8 million to held for sale prior to its disposition in 2021. ​ Impairments—During the years ended December 31, 2022, 2021 and 2020, the Company recorded aggregate impairments on real estate assets totaling $2.4 million, $0.6 million and $3.1 million, respectively. During the year ended December 31, 2022, the Company recognized an aggregate impairment of $2.4 million on residential homes held for sale and on an operating property based on the expected cash flows to be received. During the year ended December 31, 2021, the Company recorded an impairment of $0.6 million on an operating property. During the year ended December 31, 2020, the Company recorded an impairment of $3.1 million on a real estate asset held for sale. Tenant Reimbursements—The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes and are included in “Operating lease income” in the Company’s consolidated statements of operations. Tenant expense reimbursements were $3.1 million, $2.9 million and $3.6 million for the years ended December 31, 2022, 2021 and 2020, respectively. Allowance for Doubtful Accounts—As of both December 31, 2022 and 2021, the allowance for doubtful accounts related to real estate tenant receivables was $0.1 million. These amounts are included in “Accrued interest and operating lease income receivable, net” on the Company’s consolidated balance sheets. Future Minimum Operating Lease Payments—Future minimum operating lease payments to be collected under non-cancelable operating leases, excluding lease payments for assets that are classified as discontinued operations and customer reimbursements of expenses, in effect as of December 31, 2022, are as follows by year ($ in thousands): (1) ​
​ | ​ | ​ | ​
​ |  | Operating
Year | ​ | Properties
2023 | ​ | $ | 4,183
2024 | ​ |  | 4,129
2025 | ​ |  | 4,145
2026 | ​ |  | 4,203
2027 | ​ |  | 1,570
Thereafter | ​ | ​ | 1,117
Total | ​ | $ | 19,347
(1) | Refer to Note 3 - Net Lease Sale and Discontinued Operations. .

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI https://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI https://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI https://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI https://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI https://asc.fasb.org/topic&trid=2134617 + Details
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