XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information

						For the Three Months Ended June 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	53,368					$	—					$	8,005					$	61,373
Residents fees and services						—						284,846						—						284,846
Total revenues						53,368						284,846						8,005						346,219
Expenses:
Property operating expenses						23,938						261,959						331						286,228
Depreciation and amortization						22,855						43,152						2,387						68,394
General and administrative						—						—						7,284						7,284
Acquisition and certain other transaction related costs						—						—						6,043						6,043
Impairment of assets						11,299						—						—						11,299
Total expenses						58,092						305,111						16,045						379,248
Interest and other income						—						1,466						3,668						5,134
Interest expense						(116)						(152)						(47,116)						(47,384)
Loss before income tax expense and equity in net earnings of investees						(4,840)						(18,951)						(51,488)						(75,279)
Income tax expense						—						—						(221)						(221)
Equity in net earnings of investees						2,929						—						—						2,929
Net loss						$	(1,911)					$	(18,951)					$	(51,709)					$	(72,571)

						For the Six Months Ended June 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	110,390					$	—					$	17,421					$	127,811
Residents fees and services						—						564,438						—						564,438
Total revenues						110,390						564,438						17,421						692,249
Expenses:
Property operating expenses						47,453						524,288						567						572,308
Depreciation and amortization						42,890						85,304						5,000						133,194
General and administrative						—						—						13,157						13,157
Acquisition and certain other transaction related costs						—						—						6,136						6,136
Impairment of assets						13,607						3,617						—						17,224
Total expenses						103,950						613,209						24,860						742,019
Gain on sale of properties						—						1,233						—						1,233
Gains on equity securities, net						—						—						8,126						8,126
Interest and other income						—						1,466						7,863						9,329
Interest expense						(225)						(423)						(94,516)						(95,164)
Loss on modification or early extinguishment of debt						—						—						(1,075)						(1,075)
Income (loss) before income tax expense and equity in net earnings of investees						6,215						(46,495)						(87,041)						(127,321)
Income tax expense						—						—						(190)						(190)
Equity in net earnings of investees						2,282						—						—						2,282
Net income (loss)						$	8,497					$	(46,495)					$	(87,231)					$	(125,229)

						As of June 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Total assets						$	1,922,835					$	3,185,289					$	477,351					$	5,585,475

						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) before income tax benefit and equity in net earnings of investees						11,161						(30,094)						(94,294)						(113,227)
Income tax benefit						—						—						640						640
Equity in net 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) before income tax expense and equity in net earnings of investees						351,498						(65,967)						(160,217)						125,314
Income tax expense						—						—						(832)						(832)
Equity in net earnings of investees						6,558						—						—						6,558
Net income (loss)						$	358,056					$	(65,967)					$	(161,049)					$	131,040

			As of December 31, 2022
			Office Portfolio						SHOP						Non-Segment						Consolidated
Total assets			$	1,967,244					$	3,147,785					$	887,064					$	6,002,093

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration