Credit Concentration

3 Months Ended

Mar. 31, 2024

Risks and Uncertainties [Abstract]

Credit Concentration

Credit Concentration

We use consolidated net operating income (“NOI”) as our credit concentration metric. See Note 18 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the three months ended March 31, 2024, excluding our share of NOI in unconsolidated entities (dollars in thousands):

Concentration by relationship: (1)	Number of Properties	Total NOI		Percent of NOI (2)
Cogir Management Corporation	120	$	58,003	8%
Integra Healthcare Properties	147	53,838		7%
Sunrise Senior Living	88	40,674		5%
Avery Healthcare	84	34,994		5%
Oakmont Management Group	64	29,491		4%
Remaining portfolio	1,400	545,828		71%
Totals	1,903	$	762,828	100%

(1) Cogir Management Corporation, Sunrise Senior Living and Oakmont Management Group are in our Seniors Housing Operating segment. Integra Healthcare Properties is in our Triple-net segment. Avery Healthcare operates assets in both our Seniors Housing Operating and Triple-net segments.

(2) NOI with our top five relationships comprised 26% of total NOI for the year ended December 31, 2023.