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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Summary information by reportable business segment is as follows (dollars in thousands):
For the Year Ended December 31, 2022
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:
Rental income$— $801,159 $598,154 $— $1,399,313 
Resident fees and services2,651,886 — — — 2,651,886 
Third party capital management revenues— 2,448 — 23,751 26,199 
Income from loans and investments— — — 48,160 48,160 
Interest and other income— — — 3,635 3,635 
Total revenues$2,651,886 $803,607 $598,154 $75,546 $4,129,193 
Total revenues$2,651,886 $803,607 $598,154 $75,546 $4,129,193 
Less:
Interest and other income— — — 3,635 3,635 
Property-level operating expenses2,004,420 257,003 15,301 — 2,276,724 
Third party capital management expenses— — — 6,194 6,194 
NOI$647,466 $546,604 $582,853 $65,717 1,842,640 
Interest and other income 3,635 
Interest expense  (467,557)
Depreciation and amortization  (1,197,798)
General, administrative and professional fees  (144,874)
Loss on extinguishment of debt, net  (581)
Transaction expenses and deal costs  (51,577)
Allowance on loans receivable and investments(19,757)
Other  (58,268)
Income from unconsolidated entities28,500 
Gain on real estate dispositions7,780 
Income tax benefit  16,926 
Loss from continuing operations  (40,931)
Net loss(40,931)
Net income attributable to noncontrolling interests6,516 
Net loss attributable to common stockholders$(47,447)
For the Year Ended December 31, 2021
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:
Rental income$— $794,297 $653,823 $— $1,448,120 
Resident fees and services2,270,001 — — — 2,270,001 
Third party capital management revenues— 8,384 — 11,712 20,096 
Income from loans and investments— — — 74,981 74,981 
Interest and other income— — — 14,809 14,809 
Total revenues$2,270,001 $802,681 $653,823 $101,502 $3,828,007 
Total revenues$2,270,001 $802,681 $653,823 $101,502 $3,828,007 
Less:
Interest and other income— — — 14,809 14,809 
Property-level operating expenses1,811,728 257,001 15,335 — 2,084,064 
Third party capital management expenses— 1,798 — 2,635 4,433 
NOI$458,273 $543,882 $638,488 $84,058 1,724,701 
Interest and other income  14,809 
Interest expense   (440,089)
Depreciation and amortization   (1,197,403)
General, administrative and professional fees   (129,758)
Loss on extinguishment of debt, net   (59,299)
Transaction expenses and deal costs   (47,318)
Allowance on loans receivable and investments9,082 
Other   (37,110)
Income from unconsolidated entities4,983 
Gain on real estate dispositions218,788 
Income tax expense   (4,827)
Income from continuing operations   56,559 
Net income56,559 
Net income attributable to noncontrolling interests7,551 
Net income attributable to common stockholders$49,008 
For the Year Ended December 31, 2020
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:
Rental income$— $799,627 $695,265 $— $1,494,892 
Resident fees and services2,197,160 — — — 2,197,160 
Third party capital management revenues— 8,675 — 6,516 15,191 
Income from loans and investments— — — 80,505 80,505 
Interest and other income— — — 7,609 7,609 
Total revenues$2,197,160 $808,302 $695,265 $94,630 $3,795,357 
Total revenues$2,197,160 $808,302 $695,265 $94,630 $3,795,357 
Less:
Interest and other income— — — 7,609 7,609 
Property-level operating expenses1,658,671 256,612 22,160 — 1,937,443 
Third party capital management expenses— 2,315 — — 2,315 
NOI$538,489 $549,375 $673,105 $87,021 1,847,990 
Interest and other income   7,609 
Interest expense    (469,541)
Depreciation and amortization    (1,109,763)
General, administrative and professional fees    (130,158)
Loss on extinguishment of debt, net(10,791)
Transaction expenses and deal costs    (29,812)
Allowance on loans receivable and investments(24,238)
Other    (707)
Income from unconsolidated entities1,844 
Gain on real estate dispositions262,218 
Income tax benefit    96,534 
Income from continuing operations    441,185 
Net income441,185 
Net income attributable to noncontrolling interests2,036 
Net income attributable to common stockholders$439,149 
Reconciliation of Assets from Segment to Consolidated
Assets by reportable business segment are as follows (dollars in thousands):
 As of December 31,
Assets:20222021
SHOP$12,369,218 51.2 %$12,811,611 51.8 %
Office operations6,558,416 27.1 6,341,888 25.7 
Triple-net leased properties4,272,303 17.7 4,578,534 18.5 
Non-segment957,903 4.0 985,753 4.0 
Total assets$24,157,840 100.0 %$24,717,786 100.0 %
Segment Reporting Information Expenditures for Additions to Long-Lived Assets
Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows (dollars in thousands):
 For the Years Ended December 31,
 Capital expenditures:202220212020
SHOP$423,420 $1,463,551 $191,891 
Office operations472,662 245,546 372,475 
Triple-net leased properties4,614 92,924 42,930 
Total capital expenditures$900,696 $1,802,021 $607,296 
Long-lived Assets by Geographic Areas
 As of December 31,
 Net real estate property:20222021
United States$18,168,224 $18,562,738 
Canada2,782,350 3,007,008 
United Kingdom209,876 247,092 
Total net real estate property$21,160,450 $21,816,838 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas Geographic information regarding our operations is as follows (dollars in thousands):
 For the Years Ended December 31,
 Revenues:202220212020
United States$3,652,327 $3,363,197 $3,381,357 
Canada449,091 434,862 389,205 
United Kingdom27,775 29,948 24,795 
Total revenues$4,129,193 $3,828,007 $3,795,357