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v3.22.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of segment reporting information |
|  | For the Three Months Ended June 30, 2022
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 52,610 |  |  | $ | — |  |  | $ | 9,912 |  |  | $ | 62,522 |
Residents fees and services |  | — |  |  | 250,506 |  |  | — |  |  | 250,506 |
Total revenues |  | 52,610 |  |  | 250,506 |  |  | 9,912 |  |  | 313,028 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 22,026 |  |  | 244,040 |  |  | — |  |  | 266,066 |
Depreciation and amortization |  | 17,997 |  |  | 37,369 |  |  | 2,895 |  |  | 58,261 |
General and administrative |  | — |  |  | — |  |  | 7,207 |  |  | 7,207 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 609 |  |  | 609 |
Total expenses |  | 40,023 |  |  | 281,409 |  |  | 10,711 |  |  | 332,143 |
(Loss) gain on sale of properties |  | (1,226) |  |  | 540 |  |  | — |  |  | (686) |
Losses on equity securities, net |  | — |  |  | — |  |  | (10,157) |  |  | (10,157) |
Interest and other income |  | — |  |  | 760 |  |  | 1,506 |  |  | 2,266 |
Interest expense |  | (216) |  |  | (491) |  |  | (55,268) |  |  | (55,975) |
Gain (loss) on modification or early extinguishment of debt |  | 16 |  |  | — |  |  | (29,576) |  |  | (29,560) |
Income (loss) from continuing operations before income tax benefit and equity in earnings of investees |  | 11,161 |  |  | (30,094) |  |  | (94,294) |  |  | (113,227) |
Income tax benefit |  | — |  |  | — |  |  | 640 |  |  | 640 |
Equity in earnings of investees |  | 3,204 |  |  | — |  |  | — |  |  | 3,204 |
Net income (loss) |  | $ | 14,365 |  |  | $ | (30,094) |  |  | $ | (93,654) |  |  | $ | (109,383) |
|  | For the Six Months Ended June 30, 2022
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 107,607 |  |  | $ | — |  |  | $ | 20,200 |  |  | $ | 127,807 |
Residents fees and services |  | — |  |  | 495,954 |  |  | — |  |  | 495,954 |
Total revenues |  | 107,607 |  |  | 495,954 |  |  | 20,200 |  |  | 623,761 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 45,473 |  |  | 489,335 |  |  | — |  |  | 534,808 |
Depreciation and amortization |  | 36,387 |  |  | 73,352 |  |  | 5,781 |  |  | 115,520 |
General and administrative |  | — |  |  | — |  |  | 14,492 |  |  | 14,492 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 1,537 |  |  | 1,537 |
Total expenses |  | 81,860 |  |  | 562,687 |  |  | 21,810 |  |  | 666,357 |
Gain on sale of properties |  | 326,316 |  |  | 792 |  |  | — |  |  | 327,108 |
Losses on equity securities, net |  | — |  |  | — |  |  | (18,710) |  |  | (18,710) |
Interest and other income |  | — |  |  | 959 |  |  | 1,702 |  |  | 2,661 |
Interest expense |  | (581) |  |  | (985) |  |  | (111,540) |  |  | (113,106) |
Gain (loss) on modification or early extinguishment of debt |  | 16 |  |  | — |  |  | (30,059) |  |  | (30,043) |
Income (loss) from continuing operations before income tax expense and equity in earnings of investees |  | 351,498 |  |  | (65,967) |  |  | (160,217) |  |  | 125,314 |
Income tax expense |  | — |  |  | — |  |  | (832) |  |  | (832) |
Equity in earnings of investees |  | 6,558 |  |  | — |  |  | — |  |  | 6,558 |
Net income (loss) |  | $ | 358,056 |  |  | $ | (65,967) |  |  | $ | (161,049) |  |  | $ | 131,040 |
|  | As of June 30, 2022
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Total assets |  | $ | 1,892,417 |  |  | $ | 3,001,413 |  |  | $ | 1,252,034 |  |  | $ | 6,145,864 |
|  | For the Three Months Ended June 30, 2021
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 92,804 |  |  | $ | — |  |  | $ | 9,590 |  |  | $ | 102,394 |
Residents fees and services |  | — |  |  | 243,947 |  |  | — |  |  | 243,947 |
Total revenues |  | 92,804 |  |  | 243,947 |  |  | 9,590 |  |  | 346,341 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 31,321 |  |  | 233,311 |  |  | — |  |  | 264,632 |
Depreciation and amortization |  | 32,497 |  |  | 32,538 |  |  | 2,853 |  |  | 67,888 |
General and administrative |  | — |  |  | — |  |  | 9,126 |  |  | 9,126 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 12,071 |  |  | 12,071 |
Total expenses |  | 63,818 |  |  | 265,849 |  |  | 24,050 |  |  | 353,717 |
Gain on sale of properties |  | 30,760 |  |  | — |  |  | — |  |  | 30,760 |
Losses on equity securities, net |  | — |  |  | — |  |  | (3,849) |  |  | (3,849) |
Interest and other income |  | — |  |  | 15,748 |  |  | 290 |  |  | 16,038 |
Interest expense |  | (5,992) |  |  | (525) |  |  | (61,140) |  |  | (67,657) |
Loss on modification or early extinguishment of debt |  | — |  |  | — |  |  | (370) |  |  | (370) |
Income (loss) from continuing operations before income tax expense |  | 53,754 |  |  | (6,679) |  |  | (79,529) |  |  | (32,454) |
Income tax expense |  | — |  |  | — |  |  | (191) |  |  | (191) |
Net income (loss) |  | 53,754 |  |  | (6,679) |  |  | (79,720) |  |  | (32,645) |
Net income attributable to noncontrolling interest |  | (1,577) |  |  | — |  |  | — |  |  | (1,577) |
Net income (loss) attributable to common shareholders |  | $ | 52,177 |  |  | $ | (6,679) |  |  | $ | (79,720) |  |  | $ | (34,222) |
|  | For the Six Months Ended June 30, 2021
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 186,127 |  |  | $ | — |  |  | $ | 19,025 |  |  | $ | 205,152 |
Residents fees and services |  | — |  |  | 503,913 |  |  | — |  |  | 503,913 |
Total revenues |  | 186,127 |  |  | 503,913 |  |  | 19,025 |  |  | 709,065 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 62,614 |  |  | 489,409 |  |  | — |  |  | 552,023 |
Depreciation and amortization |  | 64,435 |  |  | 63,899 |  |  | 5,707 |  |  | 134,041 |
General and administrative |  | — |  |  | — |  |  | 16,668 |  |  | 16,668 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 12,071 |  |  | 12,071 |
Impairment of assets |  | — |  |  | (174) |  |  | — |  |  | (174) |
Total expenses |  | 127,049 |  |  | 553,134 |  |  | 34,446 |  |  | 714,629 |
Gain on sale of properties |  | 30,638 |  |  | — |  |  | — |  |  | 30,638 |
Losses on equity securities, net |  | — |  |  | — |  |  | (12,188) |  |  | (12,188) |
Interest and other income |  | — |  |  | 18,181 |  |  | 692 |  |  | 18,873 |
Interest expense |  | (11,931) |  |  | (1,053) |  |  | (114,764) |  |  | (127,748) |
Loss on modification or early extinguishment of debt |  | — |  |  | — |  |  | (2,410) |  |  | (2,410) |
Income (loss) from continuing operations before income tax expense |  | 77,785 |  |  | (32,093) |  |  | (144,091) |  |  | (98,399) |
Income tax expense |  | — |  |  | — |  |  | (429) |  |  | (429) |
Net income (loss) |  | 77,785 |  |  | (32,093) |  |  | (144,520) |  |  | (98,828) |
Net income attributable to noncontrolling interest |  | (2,899) |  |  | — |  |  | — |  |  | (2,899) |
Net income (loss) attributable to common shareholders |  | $ | 74,886 |  |  | $ | (32,093) |  |  | $ | (144,520) |  |  | $ | (101,727) |
| As of December 31, 2021
| Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Total assets | $ | 2,282,652 |  |  | $ | 2,995,819 |  |  | $ | 1,345,043 |  |  | $ | 6,623,514 |

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