XML 60 R47.htm IDEA: XBRL DOCUMENT v3.20.4
Real Estate (Narrative) (Details)
12 Months Ended
Jan. 31, 2020
USD ($)
beds_or_units
Dec. 31, 2020
USD ($)
properties
renewalOptions
beds_or_units
shares
Dec. 31, 2019
USD ($)
beds_or_units
Dec. 31, 2018
USD ($)
Sep. 30, 2020
renewalOptions
Number of Real Estate Properties | properties   228      
Number of States in which Entity Operates   34      
Straight Line Rent   $ 20,411,000 $ 22,084,000 $ 22,787,000  
Lessor, Operating Lease, Renewal Term   5 years      
Loans and Leases Receivable, Gross   $ 297,373,000      
Incentive to Lessee   9,782,000 10,146,000    
Maximum Commitment For All Active Development Projects   53,945,000      
Development in Process   48,790,000      
Operating Leases, Income Statement, Lease Revenue   307,208,000 294,182,000 280,813,000  
Gain on sale of real estate   21,316,000 0 0  
Payments to Acquire Real Estate   102,712,000 $ 219,187,000 $ 131,758,000  
Loans and Leases Receivable, Commitments, Fixed Rates   278,650,000      
Contingent Funding Commitment   $ 31,850,000      
Debt Instrument, Name, HUD Mortgages [Member]          
Number of Real Estate Properties | properties   10      
Medical Office Building [Member]          
Number of Real Estate Properties | properties   2      
Skilled Nursing Facility [Member]          
Number of Real Estate Properties | properties   72      
Current Period Real Estate Acquisition          
Real Estate Investments During The Period   $ 176,542,000      
Current Period Real Estate Acquisition | Real Estate Operating Company [Member] | Noncontrolling Interest [Member]          
Noncash or Part Noncash Acquisition, Interest Acquired 75.00%        
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 875,000        
Current Period Real Estate Acquisition | Real Estate Operating Company [Member] | Controlling Interest [Member]          
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 2,625,000        
Current Period Real Estate Acquisition | Real Estate Property Company [Member] | Noncontrolling Interest [Member]          
Noncash or Part Noncash Acquisition, Interest Acquired 20.00%        
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 10,778,000        
Prior Period Real Estate Acquisition          
Real Estate Investments During The Period   274,457,000      
Sale Leaseback Transaction, Transaction Costs, Investing Activities   $ 100,000      
Prior Period Real Estate Acquisition | Joint Venture Equity Interest [Member] | Discovery Senior Living [Member]          
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners   2.50%      
Noncontrolling Interest, Ownership Percentage by Parent   97.50%      
Prior Period Real Estate Acquisition | Cash Portion [Member]          
Lease Amendment Consideration   $ 17,125,000      
Prior Period Real Estate Acquisition | Holiday Lease Amendment [Member]          
Lease Amendment Consideration   $ 55,125,000      
Bickford Lease Amendment [Member]          
Number of Real Estate Properties | properties   14      
Current Period Investment [Member]          
Loans and Leases Receivable, Commitments, Fixed Rates   $ 50,400,000      
Bickford Senior Living [Member]          
Percentage of Continuing Revenue   15.00% 17.00% 18.00%  
Straight Line Rent   $ 2,764,000 $ 4,531,000 $ 5,028,000  
Number of Units in Real Estate Property | beds_or_units 60        
Lessor, Operating Lease, Term of Contract 12 years        
Initial lease rate 8.00%        
Operating Leases, Income Statement, Lease Revenue   $ 49,451,000 $ 56,210,000 $ 52,293,000  
Bickford Senior Living [Member] | Debt Instrument, Name, HUD Mortgages [Member]          
Number of Real Estate Properties | properties   9      
Bickford Senior Living [Member] | Current Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 15,100,000      
Proceeds from Sale and Collection of Notes Receivable $ 14,091,000        
Bickford Senior Living [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 15,100,000      
Notes Reduction   $ 14,035,000      
Bickford Senior Living [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]          
Number of Real Estate Properties | properties   2      
Note Receivable Interest Rate   7.00%      
Write Off Of Straight Line Rent Receivable   $ 124,000      
Impairment of Real Estate   $ 2,500,000      
Bickford Senior Living [Member] | Bickford Lease Amendment [Member]          
Lease Escalator Minimum   2.00%      
Lease Escalator Maximum   3.00%      
Bickford Senior Living [Member] | Current Period Investment [Member]          
Number of Real Estate Properties | beds_or_units   2      
Loans and Leases Receivable, Commitments, Fixed Rates   $ 4,000,000      
Bickford Senior Living [Member] | April 2018 Acquisition [Member]          
Fair Market Rent Reset, Option Period, Last Lease Year   five      
Fair Market Rent Reset, Option Period, First Lease Year   three      
National Healthcare Corporation [Member]          
Percentage of Continuing Revenue   11.00% 12.00% 13.00%  
Number of Master Leases | properties   2      
Operating Leases, Income Statement, Lease Revenue   $ 37,820,000 $ 38,131,000 $ 37,843,000  
Lessor Equity Shares Owned, Significant Lessee | shares   1,630,642      
National Healthcare Corporation [Member] | NHC - 1991 Lease [Member]          
Minimum Annual Lease Income   $ 30,750,000      
Lessor, Operating Lease, Renewal Term   5 years      
Number Of Real Estate Properties Acquired | properties   35      
Number Of Additional Lease Renewal Options | properties   2      
National Healthcare Corporation [Member] | NHC - 2013 Lease [Member]          
Minimum Annual Lease Income   $ 3,450,000      
Number Of Real Estate Properties Acquired | properties   7      
Purchase Option Amount   $ 49,000,000      
National Healthcare Corporation [Member] | Skilled Nursing Facility [Member]          
Number of Real Estate Properties | properties   39      
National Healthcare Corporation [Member] | Skilled Nursing Facility [Member] | Subleased Facilities [Member]          
Number Of Real Estate Properties Acquired | properties   4      
National Healthcare Corporation [Member] | Independent Living Facility [Member]          
Number of Real Estate Properties | properties   3      
National Healthcare Corporation [Member] | NHC - 1991 Lease [Member]          
Percentage Rent Rate   0.04      
National Healthcare Corporation [Member] | NHC - 2013 Lease [Member]          
Percentage Rent Rate   0.04      
Autumn Trace          
Lease Escalator Minimum   2.25%      
Number of Units in Real Estate Property | beds_or_units   44      
Initial lease rate   7.25%      
Lessee, Operating Lease, Renewal Term   5 years      
Autumn Trace | Current Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   2      
Real Estate Investments During The Period   $ 14,250,000      
Lessor, Operating Lease, Term of Contract   15 years      
Asset Purchase Transaction Costs   $ 150,000      
Senior Living Communities [Member]          
Number of Real Estate Properties | properties   10      
Percentage of Continuing Revenue   15.00% 15.00% 15.00%  
Straight Line Rent   $ (4,271,000) $ (4,934,000) $ (5,436,000)  
Lessor, Operating Lease, Renewal Term   5 years      
Number Of Additional Lease Renewal Options   2     2
Number of Units in Real Estate Property | beds_or_units   2,068      
Lessor, Operating Lease, Term of Contract   15 years      
Operating Leases, Income Statement, Lease Revenue   $ 50,734,000 $ 48,450,000 $ 45,868,000  
Note Receivable Interest Rate   10.00%      
Lease Escalator Rate after Lease Year 4   3.00%      
Loans and Leases Receivable, Commitments, Fixed Rates   $ 43,980,000      
Senior Living Communities [Member] | Capital Improvement Commitment [Member]          
Maximum Commitment For All Active Development Projects   9,930,000      
Development in Process   $ 9,763,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   6      
Lessor, Operating Lease, Renewal Term   5 years      
Number Of Additional Lease Renewal Options | renewalOptions   2      
Real Estate Investments During The Period   $ 127,917,000      
Number of Units in Real Estate Property | beds_or_units   596      
Lessor, Operating Lease, Term of Contract   10 years      
Initial lease rate   6.50%      
Asset Purchase Transaction Costs   $ 1,067,000      
Contingent Incentive Payments   4,000,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Joint Venture Equity Interest [Member]          
Real Estate Investments During The Period   25,028,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Joint Venture Noncontrolling Equity Interest [Member]          
Real Estate Investments During The Period   631,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Joint Venture Preferred Equity Interest [Member]          
Real Estate Investments During The Period   102,258,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Joint Venture Controlling Equity Interest [Member]          
Real Estate Investments During The Period   $ 127,286,000      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Memory Care [Member]          
Number of Units in Real Estate Property | beds_or_units   95      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Independent Living Facility [Member]          
Number of Units in Real Estate Property | beds_or_units   145      
Discovery Senior Living [Member] | Prior Period Real Estate Acquisition | Assisted Living Facility [Member]          
Number of Units in Real Estate Property | beds_or_units   356      
Discovery Senior Living [Member] | Capital Improvement Commitment [Member]          
Maximum Commitment For All Active Development Projects   $ 900,000      
Development in Process   853,000      
Discovery Senior Living [Member] | Lease Inducement [Member]          
Contingent Funding Commitment   4,000,000      
Non-Performing Lease [Member]          
Number of Real Estate Properties | beds_or_units     9    
Operating Leases, Income Statement, Lease Revenue   $ 4,593,000 $ 3,643,000    
Number of Operators/Tenants | beds_or_units   5      
Non-Performing Lease [Member] | Net Operating Based Lease [Member]          
Number of Real Estate Properties | beds_or_units   6      
Number of Master Leases | beds_or_units   2      
Brookdale Senior Living [Member] | Asset Held For Sale [Member]          
Number of Real Estate Properties | properties   8      
Brookdale Senior Living [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]          
Operating Leases, Income Statement, Lease Revenue   $ 229,000 $ 4,250,000    
Proceeds from Sale of Real Estate   39,260,000      
Gain on sale of real estate   $ 20,752,000      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Lessor, Operating Lease, Renewal Term   5 years      
Number Of Additional Lease Renewal Options | renewalOptions   2      
Lessor, Operating Lease, Term of Contract   10 years      
Initial lease rate   7.75%      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition | Contingent Payment [Member]          
Incentive to Lessee   $ 3,000,000      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition | April 2019 [Member]          
Real Estate Investments During The Period   $ 10,800,000      
Number of Units in Real Estate Property | beds_or_units   60      
Payments to Acquire Real Estate   $ 9,560,000      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition | May 2019 [Member]          
Real Estate Investments During The Period   $ 13,500,000      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition | Memory Care [Member] | April 2019 [Member]          
Number of Units in Real Estate Property | beds_or_units   14      
Comfort Care Senior Living [Member] | Prior Period Real Estate Acquisition | Assisted Living Facility [Member] | May 2019 [Member]          
Number of Units in Real Estate Property | beds_or_units   73      
Comfort Care Senior Living [Member] | Lease Inducement [Member]          
Contingent Funding Commitment   $ 6,000,000      
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 134,892,000      
Number of Units in Real Estate Property | beds_or_units 401        
Lessor, Operating Lease, Term of Contract 7 years        
Initial lease rate 6.75%        
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 124,989,000        
Note Receivable Interest Rate 5.75%        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Real Estate Operating Company [Member]          
Noncash or Part Noncash Acquisition, Interest Acquired 25.00%        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Real Estate Property Company [Member]          
Noncash or Part Noncash Acquisition, Interest Acquired 80.00%        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Consideration Type, Cash [Member]          
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 43,114,000        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Consideration Type, Total Mortgage [Member]          
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 81,000,000        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Consideration Type, Existing Mortgage [Member]          
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 59,350,000        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Consideration Type, Additional Mortgage [Member]          
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 21,650,000        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Skilled Nursing Facility [Member]          
Number of Units in Real Estate Property | beds_or_units 45        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Independent Living Facility [Member]          
Number of Units in Real Estate Property | beds_or_units 330        
LCS Timber Ridge [Member] | Current Period Real Estate Acquisition | Assisted Living Facility [Member]          
Number of Units in Real Estate Property | beds_or_units 26        
Holiday Acquisition Holdings [Member]          
Number of Real Estate Properties | properties   26      
Percentage of Continuing Revenue   12.00% 13.00% 15.00%  
Straight Line Rent   $ (6,542,000) $ (6,621,000) $ 5,616,000  
Operating Leases, Income Statement, Lease Revenue   $ 40,705,000 40,459,000 43,311,000  
Holiday Acquisition Holdings [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 38,000,000      
Initial lease rate   6.71%      
Holiday Acquisition Holdings [Member] | Prior Period Real Estate Acquisition | Independent Living Facility [Member] | Vero Beach Acquisition [Member]          
Number of Units in Real Estate Property | beds_or_units   157      
Holiday Acquisition Holdings [Member] | Prior Period Real Estate Acquisition | Assisted Living Facility [Member] | Vero Beach Acquisition [Member]          
Number of Units in Real Estate Property | beds_or_units   71      
The Courtyard at Bellevue          
Lease Escalator Minimum   2.50%      
Number of Units in Real Estate Property | beds_or_units   43      
Initial lease rate   7.50%      
Lessee, Operating Lease, Renewal Term   5 years      
The Courtyard at Bellevue | Current Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 12,300,000      
Wingate Healthcare [Member]          
Contingent Incentive Payments   $ 5,000,000      
Wingate Healthcare [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Lessor, Operating Lease, Renewal Term   5 years      
Number Of Additional Lease Renewal Options | renewalOptions   3      
Real Estate Investments During The Period   $ 52,200,000      
Number of Units in Real Estate Property | beds_or_units   267      
Lessor, Operating Lease, Term of Contract   10 years      
Initial lease rate   7.50%      
Asset Purchase Transaction Costs   $ 300,000      
Capital Improvements Commitment   1,900,000      
Payments to Acquire Real Estate   $ 50,300,000      
Wingate Healthcare [Member] | Prior Period Real Estate Acquisition | Right of First Offer [Member]          
Number of Real Estate Properties | properties   2      
Wingate Healthcare [Member] | Capital Improvement Commitment [Member]          
Maximum Commitment For All Active Development Projects   $ 1,900,000      
Development in Process   1,808,000      
Wingate Healthcare [Member] | Lease Inducement [Member]          
Contingent Funding Commitment   $ 5,000,000      
Holiday Lease Amendment [Member] | Prior Period Real Estate Acquisition          
Lease Escalator Minimum   2.00%      
Lease Escalator Maximum   3.00%      
41 Management [Member] | Current Period Real Estate Acquisition          
Loans and Leases Receivable, Gross   $ 3,870,000      
41 Management [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 9,340,000      
Asset Purchase Transaction Costs   $ 140,000      
41 Management [Member] | Prior Period Real Estate Acquisition | MN Transition Properties [Member]          
Number of Real Estate Properties | properties   4      
Lessor, Operating Lease, Renewal Term   5 years      
Lease Escalator Minimum   2.50%      
Number Of Additional Lease Renewal Options | renewalOptions   2      
Lessor, Operating Lease, Term of Contract   15 years      
Initial lease rate   7.00%      
Operating Leases, Income Statement, Lease Revenue   $ 906,000      
Capital Improvements Commitment   $ 400,000      
41 Management [Member] | December 2019 Transaction [Member]          
Number of Units in Real Estate Property | beds_or_units   48      
41 Management [Member] | Current Period Investment [Member]          
Number of Real Estate Properties | beds_or_units   1      
Cappella Living Solutions [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | beds_or_units   1      
Real Estate Investments During The Period   $ 7,600,000      
Number of Units in Real Estate Property | beds_or_units   51      
Lessor, Operating Lease, Term of Contract   15 years      
Initial lease rate   7.25%      
Asset Purchase Transaction Costs   $ 100,000      
Discovery PropCo [Member] | Capital Addition Purchase Commitments [Member]          
Maximum Commitment For All Active Development Projects   2,000,000      
Development in Process   $ 968,000      
Ignite Medical Resorts [Member]          
Lessor, Operating Lease, Renewal Term   10 years      
Ignite Medical Resorts [Member] | Lease Inducement [Member]          
Contingent Funding Commitment   $ 2,000,000      
Timber Ridge OpCo [Member] | Current Period Investment [Member]          
Number of Real Estate Properties | beds_or_units   1      
Loans and Leases Receivable, Commitments, Fixed Rates   $ 5,000,000      
Timber Ridge OpCo [Member] | Lease Inducement [Member]          
Contingent Funding Commitment   $ 10,000,000      
Open Now [Member]          
Number of Real Estate Properties | beds_or_units   6      
Minimum Annual Lease Income   $ 19,319,000 19,473,000 19,194,000  
Property, Plant and Equipment, Net   40,420,000      
Open Now [Member] | Medical Office Building [Member]          
Minimum Annual Lease Income   (2,733,000) $ (2,730,000) $ (2,730,000)  
Property, Plant and Equipment, Net   21,239,000      
Purchase Option Amount   $ 26,375,000      
After 2021 [Member]          
Number of Real Estate Properties | beds_or_units   11      
Property, Plant and Equipment, Net   $ 100,871,000      
SOUTH CAROLINA          
Percentage of Continuing Revenue   10.30% 10.90%    
SOUTH CAROLINA | Brookdale Senior Living [Member] | Asset Held For Sale [Member]          
Number of Real Estate Properties | properties   1      
TEXAS          
Percentage of Continuing Revenue     10.50%    
ARIZONA | Brookdale Senior Living [Member] | Asset Held For Sale [Member]          
Number of Real Estate Properties | properties   4      
TENNESSEE | Brookdale Senior Living [Member] | Asset Held For Sale [Member]          
Number of Real Estate Properties | properties   3      
Gurnee, IL [Member] | Bickford Senior Living [Member]          
Initial lease rate   8.00%      
Gurnee, IL [Member] | Bickford Senior Living [Member] | Prior Period Real Estate Acquisition          
Number of Real Estate Properties | properties   60      
Lessor, Operating Lease, Term of Contract   12 years      
Revenue as % of Total, Exceeds 10% [Member]          
Number of States in which Entity Operates | beds_or_units   1