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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

						For the Three Months Ended September 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	55,058					$	—					$	8,332					$	63,390
Residents fees and services						—						293,134						—						293,134
Total revenues						55,058						293,134						8,332						356,524
Expenses:
Property operating expenses						25,784						272,445						203						298,432
Depreciation and amortization						20,175						44,587						2,474						67,236
General and administrative						—						—						6,954						6,954
Acquisition and certain other transaction related costs						—						—						3,676						3,676
Impairment of assets						427						729						—						1,156
Total expenses						46,386						317,761						13,307						377,454
Interest and other income						—						115						3,128						3,243
Interest expense						(119)						(79)						(47,560)						(47,758)
Income (loss) before income tax expense and equity in net losses of investees						8,553						(24,591)						(49,407)						(65,445)
Income tax expense						—						—						(189)						(189)
Equity in net losses of investees						(145)						—						—						(145)
Net income (loss)						$	8,408					$	(24,591)					$	(49,596)					$	(65,779)

						For the Nine Months Ended September 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	165,448					$	—					$	25,753					$	191,201
Residents fees and services						—						857,572						—						857,572
Total revenues						165,448						857,572						25,753						1,048,773
Expenses:
Property operating expenses						73,237						796,733						770						870,740
Depreciation and amortization						63,065						129,891						7,474						200,430
General and administrative						—						—						20,111						20,111
Acquisition and certain other transaction related costs						—						—						9,812						9,812
Impairment of assets						14,034						4,346						—						18,380
Total expenses						150,336						930,970						38,167						1,119,473
Gain on sale of properties						—						1,233						—						1,233
Gains on equity securities, net						—						—						8,126						8,126
Interest and other income						—						1,581						10,991						12,572
Interest expense						(344)						(502)						(142,076)						(142,922)
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						14,768						(71,086)						(136,448)						(192,766)
Income tax expense						—						—						(379)						(379)
Equity in net earnings of investees						2,137						—						—						2,137
Net income (loss)						$	16,905					$	(71,086)					$	(136,827)					$	(191,008)

						As of September 30, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Total assets						$	1,918,452					$	3,132,120					$	479,684					$	5,530,256

						For the Three Months Ended September 30, 2022
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	55,254					$	—					$	8,706					$	63,960
Residents fees and services						—						258,960						—						258,960
Total revenues						55,254						258,960						8,706						322,920
Expenses:
Property operating expenses						24,179						264,722						195						289,096
Depreciation and amortization						19,037						38,484						2,886						60,407
General and administrative						—						—						6,179						6,179
Acquisition and certain other transaction related costs						—						—						289						289
Total expenses						43,216						303,206						9,549						355,971
(Loss) gain on sale of properties						(5,074)						30						—						(5,044)
Losses on equity securities, net						—						—						(2,674)						(2,674)
Interest and other income						—						125						3,974						4,099
Interest expense						(217)						(298)						(46,421)						(46,936)
Income (loss) before income tax expense and equity in net earnings of investees						6,747						(44,389)						(45,964)						(83,606)
Income tax expense						—						—						(13)						(13)
Equity in net earnings of investees						2,127						—						—						2,127
Net income (loss)						$	8,874					$	(44,389)					$	(45,977)					$	(81,492)

						For the Nine Months Ended September 30, 2022
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	162,861					$	—					$	28,906					$	191,767
Residents fees and services						—						754,914						—						754,914
Total revenues						162,861						754,914						28,906						946,681
Expenses:
Property operating expenses						69,652						754,057						195						823,904
Depreciation and amortization						55,424						111,836						8,667						175,927
General and administrative						—						—						20,671						20,671
Acquisition and certain other transaction related costs						—						—						1,826						1,826
Total expenses						125,076						865,893						31,359						1,022,328
Gain on sale of properties						321,242						822						—						322,064
Losses on equity securities, net						—						—						(21,384)						(21,384)
Interest and other income						—						1,084						5,676						6,760
Interest expense						(798)						(1,283)						(157,961)						(160,042)
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						358,245						(110,356)						(206,181)						41,708
Income tax expense						—						—						(845)						(845)
Equity in net earnings of investees						8,685						—						—						8,685
Net income (loss)						$	366,930					$	(110,356)					$	(207,026)					$	49,548

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

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- 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

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- References

No definition available.

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