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Investment Activity (Tables)
 6 Months Ended
Jun. 30, 2022
Real Estate [Abstract]  
Schedule of Asset Disposition During the three and six months ended June 30, 2022, we completed the following real estate property dispositions within our Real Estate Investments reportable segment as described below ($ in thousands):
OperatorDatePropertiesAsset ClassNet ProceedsNet Real Estate Investment
Gain/(Impairment)2
Hospital Corporation of AmericaQ1 20221MOB$4,868 $1,904 $2,964 
Vitality Senior Living1
Q1 20221SLC8,302 8,285 17 
Holiday1
Q2 20221ILF2,990 3,020 (30)
Chancellor Senior Living1
Q2 20222ALF7,305 7,357 (52)
Bickford1
Q2 20223ALF25,959 28,268 (2,309)
Comfort CareQ2 20224ALF40,000 38,445 1,556 
Helix HealthcareQ2 20221HOSP19,500 10,535 8,965 
$108,924 $97,814 $11,111 
1 Total impairment charges recognized on these properties were $41.7 million, of which $4.8 million were recognized in the six months ended June 30, 2022.
2 Impairments are included in “Loan and realty losses” in Condensed Consolidated Statements of Income for the three and six months ended June 30, 2022.
Schedule of Tenant Concentrations
The following table contains information regarding tenant concentration, excluding $2.6 million for our corporate office, $335.5 million for SHOP, and a credit loss reserve of $5.2 million, based on the percentage of revenues for the six months ended June 30, 2022 and 2021, related to tenants or affiliates of tenants, that exceed 10% of total revenue ($ in thousands):

as of June 30, 2022
Revenues1
AssetRealNotesSix Months Ended June 30,
Class
Estate2
Receivable20222021
Senior Living CommunitiesEFC$573,631 $46,364 $25,549 19%$25,420 16%
National HealthCare Corporation (“NHC”)SNF171,530 — 18,597 14%18,844 12%
Holiday Retirement (“Holiday”)3
ILF— — 16,680 13%19,188 12%
Bickford Senior Living4
ALF412,304 44,850 N/AN/A16,893 11%
All others, netVarious1,370,360 118,277 53,214 41%70,533 46%
Escrow funds received from tenants
 for property operating expensesVarious— — 5,195 4%4,337 3%
$2,527,825 $209,491 119,235 155,215 
Resident fees and services5
11,992 9%— —%
$131,227 $155,215 
1 Includes interest income on notes receivable and rental income from properties classified as held for sale.
2 Amounts include any properties classified as held for sale.
3 Revenues for the six months ended June 30, 2022 include an $8.8 million lease deposit recognized in the first quarter of 2022 and $6.9 million in escrow cash received in the second quarter of 2022. Reference Note 8 for more discussion.
4 Below 10% for the six months ended June 30, 2022, as such revenues are included in All others, net.
5 There is no tenant concentration in resident fees and services because these agreements are with individual residents.
Schedule of Future Minimum Base Rent
Future minimum lease payments to be received by us under our operating leases at June 30, 2022, are as follows ($ in thousands):
Remainder of 2022$169,619 
2023222,412 
2024211,973 
2025208,559 
2026211,604 
2027173,915 
Thereafter619,332 
$1,817,414 
Schedule of Fixed and Variable Lease Payments The table below indicates the revenue recognized as a result of fixed and variable lease escalators ($ in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2022202120222021
Lease payments based on fixed escalators, net of deferrals$58,648 $61,394 $118,115 $128,982 
Lease payments based on variable escalators1,258 894 2,486 1,913 
Straight-line rent income(14,915)4,150 (13,836)8,391 
Escrow funds received from tenants for property operating expenses2,157 2,175 5,195 4,337 
Amortization of lease incentives(7,166)(262)(7,419)(522)
Rental income$39,982 $68,351 $104,541 $143,101