Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

For further discussion of the nature of the relationships, including the sources of exposure to these VIEs, see the notes to our condensed consolidated financial statements cross-referenced below ($ in thousands).


Date	Name	Source of Exposure	Carrying Amount		Maximum Exposure to Loss		Note Reference
2014	Senior Living Communities	Notes and straight-line receivable	$	88,237	$	94,268	Notes 3, 4
2016	Senior Living Management	Notes and straight-line receivable	$	26,788	$	26,788	—
2018	Bickford Senior Living	Notes and funding commitment	$	46,769	$	60,246	Notes 3, 4
2019	Encore Senior Living	Notes and straight-line receivable	$	33,688	$	53,303	Notes 3, 4
2020	Timber Ridge OpCo, LLC	Various1	$	(5,000)	$	5,000	Note 6
2020	Watermark Retirement	Notes and straight-line receivable	$	7,691	$	10,715	—
2021	Montecito Medical Real Estate	Notes and funding commitment	$	20,255	$	50,000	Note 4
2021	Vizion Health	Notes and straight-line receivable	$	20,064	$	22,869	—
2021	Navion Senior Solutions	Various2	$	8,038	$	13,988	—

1 Loan commitment, equity method investment and straight-line rents receivable

2 Notes, loan commitments, straight-line rents receivable, and unamortized lease incentives

Schedule of Cash and Cash Equivalents

The following table sets forth our “Cash and cash equivalents and restricted cash” reported within the Company’s Condensed Consolidated Statements of Cash Flows ($ in thousands):


	September 30, 2022		September 30, 2021
Cash and cash equivalents	$	28,811	$	48,393
Restricted cash (included in Other assets, net)	2,903		1,802
	$	31,714	$	50,195

Restrictions on Cash and Cash Equivalents

The following table sets forth our “Cash and cash equivalents and restricted cash” reported within the Company’s Condensed Consolidated Statements of Cash Flows ($ in thousands):


	September 30, 2022		September 30, 2021
Cash and cash equivalents	$	28,811	$	48,393
Restricted cash (included in Other assets, net)	2,903		1,802
	$	31,714	$	50,195

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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