XML 58 R43.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Real Property Acquisitions and Development - Summary of Real Property Investment Activity by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Business Acquisition [Line Items]    
Land and land improvements $ 27,401 $ 70,414
Buildings and improvements 48,868 346,429
Acquired lease intangibles 5,861 39,955
Right of use assets, net 0 927
Total net real estate assets 82,130 457,725
Receivables and other assets 24 592
Total assets acquired 82,154 458,317
Secured debt 0 (46,454)
Lease liabilities 0 (953)
Accrued expenses and other liabilities (532) (8,191)
Total liabilities acquired (532) (55,598)
Non-cash acquisition related activity (18,851) 0
Cash disbursed for acquisitions 62,771 402,719
Construction in progress additions 248,697 238,548
Less: Capitalized interest (13,809) (10,335)
Accruals (3,125) (1,987)
Cash disbursed for construction in progress 231,763 226,226
Capital improvements to existing properties 132,509 91,339
Total cash invested in real property, net of cash acquired 427,043 720,284
Seniors Housing Operating    
Business Acquisition [Line Items]    
Land and land improvements 26,691 2,517
Buildings and improvements 48,615 16,434
Acquired lease intangibles 5,861 865
Right of use assets, net 0 0
Total net real estate assets 81,167 19,816
Receivables and other assets 24 234
Total assets acquired 81,191 20,050
Secured debt 0 (5,501)
Lease liabilities 0 0
Accrued expenses and other liabilities (532) (120)
Total liabilities acquired (532) (5,621)
Non-cash acquisition related activity (18,141) 0
Cash disbursed for acquisitions 62,518 14,429
Construction in progress additions 165,140 131,944
Less: Capitalized interest (11,660) (7,950)
Accruals 2,248 2,303
Cash disbursed for construction in progress 155,728 126,297
Capital improvements to existing properties 104,812 69,783
Total cash invested in real property, net of cash acquired 323,058 210,509
Triple-net    
Business Acquisition [Line Items]    
Land and land improvements 710 7,370
Buildings and improvements 253 74,289
Acquired lease intangibles 0 0
Right of use assets, net 0 0
Total net real estate assets 963 81,659
Receivables and other assets 0 0
Total assets acquired 963 81,659
Secured debt 0 0
Lease liabilities 0 0
Accrued expenses and other liabilities 0 0
Total liabilities acquired 0 0
Non-cash acquisition related activity (710) 0
Cash disbursed for acquisitions 253 81,659
Construction in progress additions 28 4,995
Less: Capitalized interest 0 (1,248)
Accruals 72 0
Cash disbursed for construction in progress 100 3,747
Capital improvements to existing properties 6,064 4,427
Total cash invested in real property, net of cash acquired 6,417 89,833
Outpatient Medical    
Business Acquisition [Line Items]    
Land and land improvements 0 60,527
Buildings and improvements 0 255,706
Acquired lease intangibles 0 39,090
Right of use assets, net 0 927
Total net real estate assets 0 356,250
Receivables and other assets 0 358
Total assets acquired 0 356,608
Secured debt 0 (40,953)
Lease liabilities 0 (953)
Accrued expenses and other liabilities 0 (8,071)
Total liabilities acquired 0 (49,977)
Non-cash acquisition related activity 0 0
Cash disbursed for acquisitions 0 306,631
Construction in progress additions 83,529 101,609
Less: Capitalized interest (2,149) (1,137)
Accruals (5,445) (4,290)
Cash disbursed for construction in progress 75,935 96,182
Capital improvements to existing properties 21,633 17,129
Total cash invested in real property, net of cash acquired $ 97,568 $ 419,942