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Dispositions of Real Estate and Discontinued Operations (Tables)
 9 Months Ended
Sep. 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 September 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):
September 30,
2021		December 31,
2020
ASSETS
Real estate:
Buildings and improvements$98 $2,553,254 
Development costs and construction in progress54 21,509 
Land— 355,803 
Accumulated depreciation and amortization— (615,708)
Net real estate152 2,314,858 
Investments in and advances to unconsolidated joint ventures— 5,842 
Accounts receivable, net of allowance of $4,583 and $5,873
4,826 20,500 
Cash and cash equivalents14,005 53,085 
Restricted cash3 17,168 
Intangible assets, net— 24,541 
Right-of-use asset, net30 4,109 
Other assets, net(1)
3,243 103,965 
Total assets of discontinued operations, net(2)
22,2592,544,068
Assets held for sale, net(3)
82,750 82,238 
Assets held for sale and discontinued operations, net$105,009 $2,626,306 
LIABILITIES
Mortgage debt(4)
$— $318,876 
Lease liability30 3,189 
Accounts payable, accrued liabilities, and other liabilities18,442 79,411 
Deferred revenue84 11,442 
Total liabilities of discontinued operations, net(2)
18,556 412,918 
Liabilities related to assets held for sale, net(3)
354 2,819 
Liabilities related to assets held for sale and discontinued operations, net$18,910 $415,737 
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(1)Includes goodwill of zero and $29 million as of September 30, 2021 and December 31, 2020, respectively.
(2)At September 30, 2021, there were no senior housing triple-net or SHOP facilities 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 September 30, 2021, primarily comprised of the following: (i) five MOBs and one life science facility with net real estate assets of $30 million and right-of-use asset, net of $0.6 million and (ii) one loan receivable with a total carrying value of $51 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 September 30, 2021 and 2020, the Company made full and partial repayments of mortgage debt classified as discontinued operations of $37 million and $1 million, respectively. During the nine months ended September 30, 2021 and 2020, the Company made full and partial repayments of mortgage debt classified as discontinued operations of $318 million and $7 million, respectively.
The results of discontinued operations through September 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 nine months ended September 30, 2021 and 2020. Summarized financial information for discontinued operations for the three and nine months ended September 30, 2021 and 2020 are as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Revenues:
Rental and related revenues$694 $24,589 $7,535 $81,070 
Resident fees and services8,507 149,585 111,777 477,081 
Total revenues9,201 174,174 119,312 558,151 
Costs and expenses:
Interest expense47 2,501 3,900 7,913 
Depreciation and amortization— 31,659 — 134,620 
Operating13,010 131,151 118,175 407,820 
Transaction costs— 602 76 1,141 
Impairments and loan loss reserves (recoveries), net21,740 36,327 32,736 81,556 
Total costs and expenses34,797 202,240 154,887 633,050 
Other income (expense):
Gain (loss) on sales of real estate, net26,758 (2,134)408,658 162,245 
Other income (expense), net(863)316 5,150 2,442 
Total other income (expense), net25,895 (1,818)413,808 164,687 
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures299 (29,884)378,233 89,788 
Income tax benefit (expense)221 (1,204)1,345 9,424 
Equity income (loss) from unconsolidated joint ventures81 (731)4,991 (915)
Income (loss) from discontinued operations$601 $(31,819)$384,569 $98,297