XML 200 R101.htm IDEA: XBRL DOCUMENT v3.22.4
SEGMENT INFORMATION - Income Statement by Segment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Rental income $ 1,399,313 $ 1,448,120 $ 1,494,892
Interest and other income 3,635 14,809 7,609
Total revenues 4,129,193 3,828,007 3,795,357
Less:      
Interest and other income 3,635 14,809 7,609
Property-level operating expenses 2,276,724 2,084,064 1,937,443
Third party capital management expenses 6,194 4,433 2,315
NOI 1,842,640 1,724,701 1,847,990
Interest expense (467,557) (440,089) (469,541)
Depreciation and amortization (1,197,798) (1,197,403) (1,109,763)
General, administrative and professional fees (144,874) (129,758) (130,158)
Loss on extinguishment of debt, net (581) (59,299) (10,791)
Transaction expenses and deal costs (51,577) (47,318) (29,812)
Allowance on loans receivable and investments (19,757) 9,082 (24,238)
Other 58,268 37,110 707
Income from unconsolidated entities 28,500 4,983 1,844
Gain on real estate dispositions 7,780 218,788 262,218
Income tax benefit (expense) 16,926 (4,827) 96,534
Income from continuing operations (40,931) 56,559 441,185
Net (loss) income (40,931) 56,559 441,185
Other comprehensive (loss) income 6,516 7,551 2,036
Net loss (47,447) 49,008 439,149
Income from loans and investments 48,160 74,981 80,505
Other 58,268 37,110 707
Income from loans and investments 48,160 74,981 80,505
Resident fees and services      
Revenues      
Revenue from contracts with customers 2,651,886 2,270,001 2,197,160
Third party capital management revenues      
Revenues      
Revenue from contracts with customers 26,199 20,096 15,191
Operating Segments | SHOP      
Revenues      
Rental income 0 0 0
Interest and other income 0 0 0
Total revenues 2,651,886 2,270,001 2,197,160
Less:      
Interest and other income 0 0 0
Property-level operating expenses 2,004,420 1,811,728 1,658,671
Third party capital management expenses 0 0 0
NOI 647,466 458,273 538,489
Income from loans and investments 0 0 0
Income from loans and investments 0 0 0
Operating Segments | SHOP | Resident fees and services      
Revenues      
Revenue from contracts with customers 2,651,886 2,270,001 2,197,160
Operating Segments | SHOP | Third party capital management revenues      
Revenues      
Revenue from contracts with customers 0 0 0
Operating Segments | Office operations      
Revenues      
Rental income 801,159 794,297 799,627
Interest and other income 0 0 0
Total revenues 803,607 802,681 808,302
Less:      
Interest and other income 0 0 0
Property-level operating expenses 257,003 257,001 256,612
Third party capital management expenses 0 1,798 2,315
NOI 546,604 543,882 549,375
Income from loans and investments 0 0 0
Income from loans and investments 0 0 0
Operating Segments | Office operations | Resident fees and services      
Revenues      
Revenue from contracts with customers 0 0 0
Operating Segments | Office operations | Third party capital management revenues      
Revenues      
Revenue from contracts with customers 2,448 8,384 8,675
Operating Segments | Triple-net leased properties      
Revenues      
Rental income 598,154 653,823 695,265
Interest and other income 0 0 0
Total revenues 598,154 653,823 695,265
Less:      
Interest and other income 0 0 0
Property-level operating expenses 15,301 15,335 22,160
Third party capital management expenses 0 0 0
NOI 582,853 638,488 673,105
Income from loans and investments 0 0 0
Income from loans and investments 0 0 0
Operating Segments | Triple-net leased properties | Resident fees and services      
Revenues      
Revenue from contracts with customers 0 0 0
Operating Segments | Triple-net leased properties | Third party capital management revenues      
Revenues      
Revenue from contracts with customers 0 0 0
Non-Segment      
Revenues      
Rental income 0 0 0
Interest and other income 3,635 14,809 7,609
Total revenues 75,546 101,502 94,630
Less:      
Interest and other income 3,635 14,809 7,609
Property-level operating expenses 0 0 0
Third party capital management expenses 6,194 2,635 0
NOI 65,717 84,058 87,021
Income from loans and investments 48,160 74,981 80,505
Income from loans and investments 48,160 74,981 80,505
Non-Segment | Resident fees and services      
Revenues      
Revenue from contracts with customers 0 0 0
Non-Segment | Third party capital management revenues      
Revenues      
Revenue from contracts with customers $ 23,751 $ 11,712 $ 6,516