SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summary information by reportable business segment

Summary information by reportable business segment is as follows:

	For the Three Months Ended September 30, 2021
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	181,379	$	—	$	201,673	$	—	$	383,052
Resident fees and services	—		558,039		—		—		558,039
Office building and other services revenue	—		—		2,872		2,969		5,841
Income from loans and investments	—		—		—		28,729		28,729
Interest and other income	—		—		—		417		417
Total revenues	$	181,379	$	558,039	$	204,545	$	32,115	$	976,078
Total revenues	$	181,379	$	558,039	$	204,545	$	32,115	$	976,078
Less:
Interest and other income	—		—		—		417		417
Property-level operating expenses	3,268		453,659		66,401		—		523,328
Office building services costs	—		—		522		—		522
Segment NOI	$	178,111	$	104,380	$	137,622	$	31,698	451,811
Interest and other income									417
Interest expense									(108,816)
Depreciation and amortization									(313,596)
General, administrative and professional fees									(30,259)
Loss on extinguishment of debt, net									(29,792)
Merger-related expenses and deal costs									(22,662)
Allowance on loans receivable and investments									60
Other									(33,673)
Income from unconsolidated entities									2,772
Gain on real estate dispositions									150,292
Income tax expense									(3,780)
Income from continuing operations									62,774
Net income									62,774
Net income attributable to noncontrolling interests									2,094
Net income attributable to common stockholders									$	60,680

        

	For the Three Months Ended September 30, 2020
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	156,136	$	—	$	198,376	$	—	$	354,512
Resident fees and services	—		541,322		—		—		541,322
Office building and other services revenue	—		—		2,440		1,428		3,868
Income from loans and investments	—		—		—		18,666		18,666
Interest and other income	—		—		—		572		572
Total revenues	$	156,136	$	541,322	$	200,816	$	20,666	$	918,940
Total revenues	$	156,136	$	541,322	$	200,816	$	20,666	$	918,940
Less:
Interest and other income	—		—		—		572		572
Property-level operating expenses	5,398		422,653		66,934		—		494,985
Office building services costs	—		—		557		—		557
Segment NOI	$	150,738	$	118,669	$	133,325	$	20,094	422,826
Interest and other income									572
Interest expense									(115,505)
Depreciation and amortization									(249,366)
General, administrative and professional fees									(32,081)
Loss on extinguishment of debt, net									(7,386)
Merger-related expenses and deal costs									(11,325)
Allowance on loans receivable and investments									(4,999)
Other									(5,681)
Income from unconsolidated entities									865
Gain on real estate dispositions									12,622
Income tax benefit									3,195
Income from continuing operations									13,737
Net income									13,737
Net income attributable to noncontrolling interests									986
Net income attributable to common stockholders									$	12,751