Mortgage And Other Notes Receivable (Details)
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12 Months Ended |
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Dec. 31, 2020
USD ($)
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Dec. 31, 2019
USD ($)
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Dec. 31, 2018
USD ($)
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Dec. 31, 2020
beds_or_units
|
Dec. 31, 2020 |
Dec. 31, 2020
properties
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Sep. 30, 2020
renewalOptions
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Jan. 31, 2020
USD ($)
beds_or_units
|
Mortgage and other notes receivable, net |
$ 292,427,000
|
$ 340,143,000
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Number of health care properties related to mortgage notes receivables |
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14
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14
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Loans and Leases Receivable, Commitments, Fixed Rates |
278,650,000
|
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Payments to Acquire Real Estate |
102,712,000
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$ 219,187,000
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$ 131,758,000
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Loss Given Default, Increase, Current Conditions Adjustment |
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20.00%
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Probability of Default, Increase, Current Conditions Adjustment |
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20.00%
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Estimated Credit Losses, Current Conditions Adjustment, Combined |
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44.00%
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Senior Living Communities [Member] |
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Mortgage and other notes receivable, net |
43,980,000
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Note Receivable Interest Rate |
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10.00%
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Number of Units in Real Estate Property | beds_or_units |
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2,068
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Loans and Leases Receivable, Commitments, Fixed Rates |
$ 43,980,000
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Number Of Additional Lease Renewal Options |
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2
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2
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Notes Receivable, Interest Rate, Master Credit Agreement |
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7.25%
|
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Loan Term |
5 years
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Note Receivable Renewal Term |
1 year
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Purchase Option, Amount, Minimum |
$ 38,250,000
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Loans and Lease Receivable, Maximum Revolving Amount |
12,000,000
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Revolving Note Receivable, Maximum Amount Available for Working Capital Purposes |
10,000,000
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Revolving Note Receivable, Amount Outstanding |
$ 11,280,000
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Loans Receivable, Description of Variable Rate Basis, Reference Rate Maturity |
10 years
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Loans Receivable, Description, Variable Rate Basis, Reference Rate |
6.93%
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Loans Receivable, Basis Spread on Variable Rate |
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6.00%
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Number of Term Loans |
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2
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Bickford Note Investment [Member] |
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Mortgage and other notes receivable, net |
$ 30,466,000
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Loans and Leases Receivable, Commitments, Fixed Rates |
42,900,000
|
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Contingent Incentive Payments |
2,000,000
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LCS Sagewood [Member] |
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Notes Receivable, Total Borrowings, Master Credit Agreement |
180,000,000
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Notes Receivable, Number Of Loans, Master Credit Agreement |
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2
|
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The Courtyard at Bellevue |
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Number of Units in Real Estate Property | beds_or_units |
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43
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Bickford Senior Living [Member] |
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Mortgage and other notes receivable, net |
34,466,000
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Number of Units in Real Estate Property | beds_or_units |
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60
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Timber Ridge OpCo [Member] |
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Financing Receivable, Revolving |
5,000,000
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September 2019 Transaction [Member] | Discovery Senior Living [Member] |
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Mortgage and other notes receivable, net |
6,423,000
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December 2019 Transaction [Member] | 41 Management [Member] |
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Number of Units in Real Estate Property | beds_or_units |
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48
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Secured By Real Estate [Member] |
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Mortgage and other notes receivable, net |
259,491,000
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Not Secured By Real Estate [Member] |
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Mortgage and other notes receivable, net |
37,883,000
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Not Secured By Real Estate [Member] | Senior Living Communities [Member] |
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Number of Units in Real Estate Property | beds_or_units |
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186
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After 2021 [Member] | Senior Living Communities [Member] |
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Loans and Lease Receivable, Maximum Revolving Amount |
7,000,000
|
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Revolving Note Receivable, Maximum Amount Available for Working Capital Purposes |
5,000,000
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Note A [Member] | Senior Living Communities [Member] |
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Loans and Leases Receivable, Commitments, Fixed Rates |
12,000,000
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Note A [Member] | LCS Sagewood [Member] |
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Mortgage and other notes receivable, net |
98,752,000
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
$ 118,800,000
|
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Notes Receivable, Interest Rate, Master Credit Agreement |
|
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|
7.25%
|
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Loan Term |
10 years
|
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Notes Receivable, Total Borrowings, Master Credit Agreement |
$ 118,800,000
|
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Loans And Leases Receivable, Commitment, Fixed Rates, Escalator, Basis Points |
|
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10
|
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Note Receivable, First Note Year For Rate Escalator |
three years
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Note Receivable, Prepayment Penalty, Rate |
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2.00%
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Note Receivable, Prepayment Penalty, Rate Decrease |
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1.00%
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Note A [Member] | LCS Timber Ridge [Member] |
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Note Receivable, First Note Year For Rate Escalator |
three
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Note B [Member] | Senior Living Communities [Member] |
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Loans and Leases Receivable, Commitments, Fixed Rates |
$ 2,000,000
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Note B [Member] | LCS Sagewood [Member] |
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Mortgage and other notes receivable, net |
61,200,000
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
$ 61,200,000
|
|
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Notes Receivable, Interest Rate, Master Credit Agreement |
|
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|
8.50%
|
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Loan Term |
5 years
|
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Notes Receivable, Total Borrowings, Master Credit Agreement |
$ 61,200,000
|
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June 2019 Transaction [Member] | Senior Living Communities [Member] |
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Number of Units in Real Estate Property | beds_or_units |
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248
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Current Period Investment [Member] |
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Mortgage and other notes receivable, net |
9,958,000
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
50,400,000
|
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Current Period Investment [Member] | Bickford Note Investment [Member] |
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Mortgage and other notes receivable, net |
4,000,000
|
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Current Period Investment [Member] | Bickford Note Investment [Member] | June 2020 |
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Loans and Leases Receivable, Commitments, Fixed Rates |
14,200,000
|
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Current Period Investment [Member] | 41 Management Sussex |
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Mortgage and other notes receivable, net |
4,040,000
|
|
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Number of Units in Real Estate Property | properties |
|
|
|
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|
110
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
$ 22,200,000
|
|
|
|
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Number Of Additional Lease Renewal Options | properties |
|
|
|
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|
2
|
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Notes Receivable, Interest Rate, Master Credit Agreement |
|
|
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|
8.50%
|
|
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Loan Term |
4 years
|
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Note Receivable Renewal Term |
1 year
|
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Payments Related To Mortgage Loan Reserved For Working Capital |
$ 4,900,000
|
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Current Period Investment [Member] | Bickford Senior Living [Member] |
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Loans and Leases Receivable, Commitments, Fixed Rates |
4,000,000
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Current Period Investment [Member] | Watermark Retirement |
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Mortgage and other notes receivable, net |
0
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
5,000,000
|
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|
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Current Period Investment [Member] | Timber Ridge OpCo [Member] |
|
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Mortgage and other notes receivable, net |
0
|
|
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|
|
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
5,000,000
|
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|
|
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Prior Period Investment [Member] |
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Mortgage and other notes receivable, net |
52,460,000
|
|
|
|
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
54,543,000
|
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|
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Prior Period Investment [Member] | Discovery Senior Living [Member] |
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Note Receivable Interest Rate |
|
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|
7.00%
|
|
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Prior Period Investment [Member] | Discovery Senior Living [Member] | July 2019 Transaction [Member] |
|
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|
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Mortgage and other notes receivable, net |
750,000
|
|
|
|
|
|
|
|
Note Receivable Interest Rate |
|
|
|
|
6.50%
|
|
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Loans and Leases Receivable, Commitments, Fixed Rates |
750,000
|
|
|
|
|
|
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|
Prior Period Investment [Member] | Senior Living Communities [Member] |
|
|
|
|
|
|
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Mortgage and other notes receivable, net |
32,700,000
|
|
|
|
|
|
|
|
Loans and Leases Receivable, Commitments, Fixed Rates |
32,700,000
|
|
|
|
|
|
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|
Prior Period Investment [Member] | 41 Management [Member] |
|
|
|
|
|
|
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Mortgage and other notes receivable, net |
8,717,000
|
|
|
|
|
|
|
|
Number of Units in Real Estate Property | properties |
|
|
|
|
|
51
|
|
|
Loans and Leases Receivable, Commitments, Fixed Rates |
$ 10,800,000
|
|
|
|
|
|
|
|
Number Of Additional Lease Renewal Options | properties |
|
|
|
|
|
2
|
|
|
Notes Receivable, Interest Rate, Master Credit Agreement |
|
|
|
|
8.50%
|
|
|
|
Loan Term |
5 years
|
|
|
|
|
|
|
|
Note Receivable Renewal Term |
1 year
|
|
|
|
|
|
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Payments Related To Mortgage Loan Reserved For Working Capital |
$ 2,400,000
|
|
|
|
|
|
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Prior Period Investment [Member] | The Courtyard at Bellevue |
|
|
|
|
|
|
|
|
Mortgage and other notes receivable, net |
3,870,000
|
|
|
|
|
|
|
|
Number of Units in Real Estate Property | properties |
|
|
|
|
|
48
|
|
|
Loans and Leases Receivable, Commitments, Fixed Rates |
3,870,000
|
|
|
|
|
|
|
|
Current Period Real Estate Acquisition | LCS Timber Ridge [Member] |
|
|
|
|
|
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Note Receivable Interest Rate |
|
|
|
|
|
|
|
5.75%
|
Number of Units in Real Estate Property | beds_or_units |
|
|
|
|
|
|
|
401
|
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
|
|
|
|
|
|
|
$ 124,989,000
|
Current Period Real Estate Acquisition | LCS Timber Ridge [Member] | Consideration Type, Existing Mortgage [Member] |
|
|
|
|
|
|
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Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
|
|
|
|
|
|
|
59,350,000
|
Current Period Real Estate Acquisition | LCS Timber Ridge [Member] | Consideration Type, Total Mortgage [Member] |
|
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|
|
|
|
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Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
|
|
|
|
|
|
|
$ 81,000,000
|
June 2020 | Bickford Note Investment [Member] |
|
|
|
|
|
|
|
|
Mortgage and other notes receivable, net |
$ 1,918,000
|
|
|
|
|
|
|
|
Note Receivable Interest Rate |
|
|
|
|
9.00%
|
|
|
|
Number of Units in Real Estate Property | beds_or_units |
|
|
|
64
|
|
|
|
|
Loan Term |
5 years
|
|
|
|
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First Renewal [Member] | Senior Living Management [Member] |
|
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Note Receivable Renewal Term |
1 year
|
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Second Renewal [Member] | Senior Living Management [Member] |
|
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|
|
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Note Receivable Renewal Term |
2 years
|
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|
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|
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Assisted Living Facility [Member] | Prior Period Investment [Member] | Discovery Senior Living [Member] |
|
|
|
|
|
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Number of Units in Real Estate Property | properties |
|
|
|
|
|
52
|
|
|
Memory Care [Member] | Prior Period Investment [Member] | Discovery Senior Living [Member] |
|
|
|
|
|
|
|
|
Number of Units in Real Estate Property | properties |
|
|
|
|
|
22
|
|
|