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Real Estate and Other Investments (Tables) | 9 Months Ended
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Sep. 30, 2024
Real Estate [Abstract] |
Schedule of Disposal Groups |
Date of Sale |  | Location |  | Type of Property |  | Number of Properties |  |  |  |  | Sales Price (1) |  | (Loss) Gain on Sale |  |
March 2024 |  | Arizona |  | Medical Office |  | 1 |  |  |  |  | $ | 3,600 |  |  | $ | (5,874) |  |  |
June 2024 |  | Texas |  | Medical Office |  | 1 |  |  |  |  | 4,200 |  |  | (13,213) |  |  |
July 2024 |  | Illinois and Minnesota |  | Medical Office |  | 2 |  |  |  |  | 21,275 |  |  | 111 |  |  |
|  |  |  |  |  | 4 |  |  |  |  | $ | 29,075 |  |  | $ | (18,976) |  |  |
(1)Sales price excludes closing costs. As of September 30, 2024, we had 25 properties classified as held for sale in our condensed consolidated balance sheet as follows:
Segment |  | Number of Properties |  | Real Estate Properties, Net |  |
Medical Office and Life Science |  | 4 |  | $ | 33,213 |  |  |
SHOP |  | 3 |  | 8,780 |  |  |
Non-Segment (1) |  | 18 |  | 35,660 |  |  |
|  | 25 |  | $ | 77,653 |  |  |
(1)Represents 18 triple net leased senior living communities.
Schedule of Joint Ventures | As of September 30, 2024, we had equity investments in unconsolidated joint ventures as follows:
Joint Venture |  | DHC Ownership |  | DHC Carrying Value of Investment at September 30, 2024 |  | Number of Properties |  | Location |  | Square Feet
Seaport Innovation LLC |  | 10% |  | $ | 65,590 |  |  | 1 |  | MA |  | 1,134,479 |
The LSMD Fund REIT LLC |  | 20% |  | 44,923 |  |  | 10 |  | CA, MA, NY, TX, WA |  | 1,068,763 |
|  |  |  | $ | 110,513 |  |  | 11 |  |  |  | 2,203,242 |
The following table provides a summary of the mortgage debts of these joint ventures:
Joint Venture |  | Coupon Rate |  | Maturity Date |  | Principal Balance at September 30, 2024 (1)
Mortgage Notes Payable (secured by one property in Massachusetts) (2) (3) |  | 3.53% |  | 11/6/2028 |  | $ | 620,000 |
Mortgage Notes Payable (secured by nine properties in five states) (4) |  | 3.46% |  | 2/11/2032 |  | 189,800 |
Mortgage Notes Payable (secured by one property in California) (4) (5) |  | 6.38% |  | 2/9/2025 |  | 266,825 |
|  | 4.22% |  |  |  | $ | 1,076,625 |
(1)Amounts are not adjusted for our minority equity interest. (2)We provide certain guaranties on this debt. (3)This mortgage loan requires interest only payments until the anticipated repayment date on August 6, 2026, at which time all accrued and unpaid interest along with the principal balance of $620,000 is expected to be repaid. This mortgage loan matures on November 6, 2028 and any unpaid principal from the anticipated repayment date through the maturity date bears interest at a variable rate of the greater of 6.53% or the then effective U.S. swap rate terminating on the maturity date plus 5.00%. (4)The debt securing these properties is non-recourse to us. (5)This mortgage loan matures on February 9, 2025 and requires interest to be paid at an annual rate of the one month term secured overnight financing rate, or SOFR, plus a premium of 1.90%. This joint venture has also purchased an interest rate cap through February 2025 with a SOFR strike rate equal to 4.48% and an initial premium of $1,200. The maturity date of this mortgage loan is subject to two remaining one-year extension options.

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