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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information

						For the Year Ended December 31, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	220,530					$	—					$	37,870					$	258,400
Residents fees and services						—						1,151,908						—						1,151,908
Total revenues						220,530						1,151,908						37,870						1,410,308
Expenses:
Property operating expenses						97,964						1,075,091						1,096						1,174,151
Depreciation and amortization						98,205						175,926						9,952						284,083
General and administrative						—						—						26,131						26,131
Acquisition and certain other transaction related costs						—						—						10,853						10,853
Impairment of assets						14,034						4,346						—						18,380
Total expenses						210,203						1,255,363						48,032						1,513,598
(Loss) gain on sale of properties						(1,600)						2,805						—						1,205
Gains on equity securities, net						—						—						8,126						8,126
Interest and other income						—						1,581						13,955						15,536
Interest expense						(449)						(551)						(190,775)						(191,775)
Loss on modification or early extinguishment of debt						—						—						(2,468)						(2,468)
Income (loss) from continuing operations before income tax expense and equity in net losses of investees						8,278						(99,620)						(181,324)						(272,666)
Income tax expense						—						—						(445)						(445)
Equity in net losses of investees						(20,461)						—						—						(20,461)
Net loss						$	(12,183)					$	(99,620)					$	(181,769)					$	(293,572)
						As of December 31, 2023
						Office Portfolio						SHOP						Non-Segment						Consolidated
Total assets						$	1,866,422					$	3,134,978					$	444,736					$	5,446,136

						For the Year Ended December 31, 2022
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	222,390					$	—					$	38,350					$	260,740
Residents fees and services						—						1,022,826						—						1,022,826
Total revenues						222,390						1,022,826						38,350						1,283,566
Expenses:
Property operating expenses						94,299						1,014,100						671						1,109,070
Depreciation and amortization						76,007						151,930						11,343						239,280
General and administrative						—						—						26,435						26,435
Acquisition and certain other transaction related costs						—						—						2,605						2,605
Total expenses						170,306						1,166,030						41,054						1,377,390
Gain on sale of properties						321,040						822						—						321,862
Losses on equity securities, net						—						—						(25,660)						(25,660)
Interest and other income						—						4,327						11,602						15,929
Interest expense						(913)						(1,534)						(206,936)						(209,383)
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 net earnings of investees						372,227						(139,589)						(253,757)						(21,119)
Income tax expense						—						—						(710)						(710)
Equity in net earnings of investees						6,055						—						—						6,055
Net income (loss)						$	378,282					$	(139,589)					$	(254,467)					$	(15,774)
						As of December 31, 2022
						Office Portfolio						SHOP						Non-Segment						Consolidated
Total assets						$	1,967,244					$	3,147,785					$	887,064					$	6,002,093

						For the Year Ended December 31, 2021
						Office Portfolio						SHOP						Non-Segment						Consolidated
Revenues:
Rental income						$	367,597					$	—					$	40,992					$	408,589
Residents fees and services						—						974,623						—						974,623
Total revenues						367,597						974,623						40,992						1,383,212
Expenses:
Property operating expenses						127,313						964,499						—						1,091,812
Depreciation and amortization						127,632						132,044						11,455						271,131
General and administrative						—						—						34,087						34,087
Acquisition and certain other transaction related costs						—						—						17,506						17,506
Impairment of assets						—						(174)						—						(174)
Total expenses						254,945						1,096,369						63,048						1,414,362
Gain on sale of properties						492,072						200						—						492,272
Losses on equity securities, net						—						—						(42,232)						(42,232)
Interest and other income						—						19,554						1,081						20,635
Interest expense						(23,477)						(2,089)						(230,193)						(255,759)
Loss on modification or early extinguishment of debt						—						—						(2,410)						(2,410)
Income (loss) before income tax expense						581,247						(104,081)						(295,810)						181,356
Income tax expense						—						—						(1,430)						(1,430)
Net income (loss)						581,247						(104,081)						(297,240)						179,926
Net income attributable to noncontrolling interest						(5,411)						—						—						(5,411)
Net income (loss) attributable to common shareholders						$	575,836					$	(104,081)					$	(297,240)					$	174,515
						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

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

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- References

No definition available.

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