SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summary information by reportable business segment

Summary information by reportable business segment is as follows (dollars in thousands):

	For the Three Months Ended June 30, 2022
	SHOP		Office Operations		Triple-Net Leased Properties		Non-Segment		Total
Revenues:
Rental income	$	—	$	199,241	$	149,397	$	—	$	348,638
Resident fees and services	658,056		—		—		—		658,056
Office building and other services revenue	—		670		—		3,656		4,326
Income from loans and investments	—		—		—		10,752		10,752
Interest and other income	—		—		—		1,166		1,166
Total revenues	$	658,056	$	199,911	$	149,397	$	15,574	$	1,022,938
Total revenues	$	658,056	$	199,911	$	149,397	$	15,574	$	1,022,938
Less:
Interest and other income	—		—		—		1,166		1,166
Property-level operating expenses	507,446		63,328		3,585		—		574,359
Office building and other services costs	—		—		—		1,410		1,410
NOI	$	150,610	$	136,583	$	145,812	$	12,998	446,003
Interest and other income									1,166
Interest expense									(113,951)
Depreciation and amortization									(283,075)
General, administrative and professional fees									(32,915)
Loss on extinguishment of debt, net									(7)
Transaction expenses and deal costs									(13,078)
Allowance on loans receivable and investments									62
Other									(48,116)
Loss from unconsolidated entities									(1,047)
Loss on real estate dispositions									(34)
Income tax benefit									3,790
Loss from continuing operations									(41,202)
Net loss									(41,202)
Net income attributable to noncontrolling interests									1,214
Net loss attributable to common stockholders									$	(42,416)

	For the Three Months Ended June 30, 2021
	SHOP		Office Operations		Triple-Net Leased Properties		Non-Segment		Total
Revenues:
Rental income	$	—	$	200,388	$	159,223	$	—	$	359,611
Resident fees and services	535,952		—		—		—		535,952
Office building and other services revenue	—		2,540		—		2,841		5,381
Income from loans and investments	—		—		—		17,665		17,665
Interest and other income	—		—		—		585		585
Total revenues	$	535,952	$	202,928	$	159,223	$	21,091	$	919,194
Total revenues	$	535,952	$	202,928	$	159,223	$	21,091	$	919,194
Less:
Interest and other income	—		—		—		585		585
Property-level operating expenses	424,813		64,950		4,432		—		494,195
Office building and other services costs	—		658		—		—		658
NOI	$	111,139	$	137,320	$	154,791	$	20,506	423,756
Interest and other income									585
Interest expense									(110,051)
Depreciation and amortization									(250,700)
General, administrative and professional fees									(30,588)
Gain on extinguishment of debt, net									74
Transaction expenses and deal costs									(721)
Allowance on loans receivable and investments									59
Other									13,490
Income from unconsolidated entities									4,767
Gain on real estate dispositions									41,258
Income tax expense									(3,641)
Income from continuing operations									88,288
Net income									88,288
Net income attributable to noncontrolling interests									1,897
Net income attributable to common stockholders									$	86,391

	For the Six Months Ended June 30, 2022
	SHOP		Office Operations		Triple-Net Leased Properties		Non-Segment		Total
Revenues:
Rental income	$	—	$	399,781	$	300,958	$	—	$	700,739
Resident fees and services	1,309,177		—		—		—		1,309,177
Office building and other services revenue	—		1,287		—		6,988		8,275
Income from loans and investments	—		—		—		20,599		20,599
Interest and other income	—		—		—		1,702		1,702
Total revenues	$	1,309,177	$	401,068	$	300,958	$	29,289	$	2,040,492
Total revenues	$	1,309,177	$	401,068	$	300,958	$	29,289	$	2,040,492
Less:
Interest and other income	—		—		—		1,702		1,702
Property-level operating expenses	982,976		126,511		7,593		—		1,117,080
Office building and other services costs	—		—		—		2,723		2,723
NOI	$	326,201	$	274,557	$	293,365	$	24,864	918,987
Interest and other income									1,702
Interest expense									(224,745)
Depreciation and amortization									(572,139)
General, administrative and professional fees									(75,913)
Loss on extinguishment of debt, net									(7)
Transaction expenses and deal costs									(33,070)
Allowance on loans receivable and investments									116
Other									(20,926)
Loss from unconsolidated entities									(5,316)
Gain on real estate dispositions									2,421
Income tax benefit									8,280
Loss from continuing operations									(610)
Net loss									(610)
Net income attributable to noncontrolling interests									3,074
Net loss attributable to common stockholders									$	(3,684)

	For the Six Months Ended June 30, 2021
	SHOP		Office Operations		Triple-Net Leased Properties		Non-Segment		Total
Revenues:
Rental income	$	—	$	397,843	$	319,108	$	—	$	716,951
Resident fees and services	1,064,602		—		—		—		1,064,602
Office building and other services revenue	—		4,884		—		5,447		10,331
Income from loans and investments	—		—		—		36,675		36,675
Interest and other income	—		—		—		926		926
Total revenues	$	1,064,602	$	402,727	$	319,108	$	43,048	$	1,829,485
Total revenues	$	1,064,602	$	402,727	$	319,108	$	43,048	$	1,829,485
Less:
Interest and other income	—		—		—		926		926
Property-level operating expenses	842,642		128,896		9,257		—		980,795
Office building and other services costs	—		1,276		—		—		1,276
NOI	$	221,960	$	272,555	$	309,851	$	42,122	846,488
Interest and other income									926
Interest expense									(220,818)
Depreciation and amortization									(564,848)
General, administrative and professional fees									(70,897)
Loss on extinguishment of debt, net									(27,016)
Transaction expenses and deal costs									(5,338)
Allowance on loans receivable and investments									8,961
Other									22,918
Income from unconsolidated entities									4,517
Gain on real estate dispositions									43,791
Income tax expense									(5,794)
Income from continuing operations									32,890
Net income									32,890
Net income attributable to noncontrolling interests									3,708
Net income attributable to common stockholders									$	29,182