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Dispositions of Real Estate and Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Assets and Liabilities
The following summarizes the assets and liabilities classified as discontinued operations at June 30, 2021 and December 31, 2020, which are included in assets held for sale and discontinued operations, net and liabilities related to assets held for sale and discontinued operations, net, respectively, on the consolidated balance sheets (in thousands):
June 30,
2021		December 31,
2020
ASSETS
Real estate:
Buildings and improvements$106,495 $2,553,254 
Development costs and construction in progress11,255 21,509 
Land24,215 355,803 
Accumulated depreciation and amortization(42,999)(615,708)
Net real estate98,966 2,314,858 
Investments in and advances to unconsolidated joint ventures— 5,842 
Accounts receivable, net of allowance of $4,951 and $5,873
10,928 20,500 
Cash and cash equivalents17,354 53,085 
Restricted cash974 17,168 
Intangible assets, net6,596 24,541 
Right-of-use asset, net104 4,109 
Other assets, net(1)
29,908 103,965 
Total assets of discontinued operations, net(2)
164,8302,544,068
Assets held for sale, net(3)
81,977 82,238 
Assets held for sale and discontinued operations, net$246,807 $2,626,306 
LIABILITIES
Mortgage debt(4)
$37,069 $318,876 
Lease liability104 3,189 
Accounts payable, accrued liabilities, and other liabilities26,564 79,411 
Deferred revenue797 11,442 
Total liabilities of discontinued operations, net(2)
64,534 412,918 
Liabilities related to assets held for sale, net(3)
738 2,819 
Liabilities related to assets held for sale and discontinued operations, net$65,272 $415,737 
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(1)Includes goodwill of $22 million and $29 million as of June 30, 2021 and December 31, 2020, respectively.
(2)At June 30, 2021, four senior housing triple-net facilities and eight SHOP facilities were classified as held for sale and discontinued operations. At December 31, 2020, 41 senior housing triple-net facilities, 97 SHOP facilities, and 1 SHOP joint venture were classified as held for sale and discontinued operations.
(3)As of June 30, 2021, primarily comprised of the following: (i) four MOBs with net real estate assets of $26 million and right-of-use asset, net of $3 million and (ii) two loans receivable with a total carrying value of $53 million. As of December 31, 2020, primarily comprised of six MOBs with net real estate assets of $73 million and deferred revenue of $2 million.
(4)During the three months ended June 30, 2021 and 2020, the Company made full and partial repayments of mortgage debt classified as discontinued operations of $241 million and $1 million, respectively. During the six months ended June 30, 2021 and 2020, the Company made full and partial repayments of mortgage debt classified as discontinued operations of $281 million and $6 million, respectively.
The results of discontinued operations through June 30, 2021, or the disposal date of each asset or portfolio of assets if they have been sold, are included in the consolidated results for the three and six months ended June 30, 2021 and 2020. Summarized financial information for discontinued operations for the three and six months ended June 30, 2021 and 2020 are as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Revenues:
Rental and related revenues$1,613 $24,110 $6,841 $56,481 
Resident fees and services30,273 155,771 103,270 327,496 
Total revenues31,886 179,881 110,111 383,977 
Costs and expenses:
Interest expense1,177 2,727 3,853 5,412 
Depreciation and amortization— 38,797 — 102,961 
Operating33,647 138,033 105,165 276,669 
Transaction costs— 254 76 539 
Impairments and loan loss reserves (recoveries), net10,995 17,213 10,995 45,229 
Total costs and expenses45,819 197,024 120,089 430,810 
Other income (expense):
Gain (loss) on sales of real estate, net122,238 1,579 381,900 164,379 
Other income (expense), net128 2,171 6,012 2,126 
Total other income (expense), net122,366 3,750 387,912 166,505 
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures108,433 (13,393)377,934 119,672 
Income tax benefit (expense)302 7,452 1,124 10,628 
Equity income (loss) from unconsolidated joint ventures5,225 649 4,910 (184)
Income (loss) from discontinued operations$113,960 $(5,292)$383,968 $130,116