Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information for the reportable segments during the three and nine months ended September 30, 2023 and 2022 is as follows ($ in thousands):

For the three months ended September 30, 2023:	Real Estate Investments		SHOP		Non-segment/Corporate		Total
Rental income	$	62,255	$	—	$	—	$	62,255
Resident fees and services	—		12,367		—		12,367
Interest income and other	5,337		—		147		5,484
Total revenues	67,592		12,367		147		80,106
Senior housing operating expenses	—		10,045		—		10,045
Taxes and insurance on leased properties	2,908		—		—		2,908
NOI	64,684		2,322		147		67,153
Depreciation	15,211		2,292		12		17,515
Interest	773		—		14,313		15,086
Legal	—		—		67		67
Franchise, excise and other taxes	—		—		2		2
General and administrative	—		—		4,430		4,430
Loan and realty losses	1,959		—		—		1,959
Gains on sales of real estate, net	(737)		—		—		(737)
Other non-operating income	(202)		—		—		(202)
Net income (loss)	$	47,680	$	30	$	(18,677)	$	29,033
Total assets	$	2,218,699	$	277,014	$	3,377	$	2,499,090

For the three months ended September 30, 2022:	Real Estate Investments		SHOP		Non-segment/Corporate		Total
Rental income	$	59,394	$	—	$	—	$	59,394
Resident fees and services	—		12,013		—		12,013
Interest income and other	4,820		—		71		4,891
Total revenues	64,214		12,013		71		76,298
Senior housing operating expenses	—		9,239		—		9,239
Taxes and insurance on leased properties	2,358		—		—		2,358
NOI	61,856		2,774		71		64,701
Depreciation	15,390		2,129		14		17,533
Interest	837		—		10,575		11,412
Legal	—		—		88		88
Franchise, excise and other taxes	—		—		225		225
General and administrative	—		—		4,744		4,744
Loan and realty losses	11,329		—		—		11,329
Gains on sales of real estate, net	(14,840)		—		—		(14,840)
Gain on operations transfer, net	(19)		—		—		(19)
Net income (loss)	$	49,159	$	645	$	(15,575)	$	34,229
Total assets	$	2,214,475	$	290,708	$	3,602	$	2,508,785

For the nine months ended September 30, 2023:	Real Estate Investments		SHOP		Non-segment/Corporate		Total
Rental income	$	188,505	$	—	$	—	$	188,505
Resident fees and services	—		35,860		—		35,860
Interest income and other	15,727		—		278		16,005
Total revenues	204,232		35,860		278		240,370
Senior housing operating expenses	—		29,525		—		29,525
Taxes and insurance on leased properties	8,738		—		—		8,738
NOI	195,494		6,335		278		202,107
Depreciation	46,064		6,757		41		52,862
Interest	2,298		—		41,010		43,308
Legal	—		—		364		364
Franchise, excise and other taxes	—		—		443		443
General and administrative	—		—		14,390		14,390
Loan and realty losses	1,727		—		—		1,727
Gains on sales of real estate, net	(13,500)		—		—		(13,500)
Gain on operations transfer, net	(20)		—		—		(20)
Other non-operating income	(202)		—		—		(202)
Loss on early retirement of debt	—		—		73		73
Net income (loss)	$	159,127	$	(422)	$	(56,043)	$	102,662

For the nine months ended September 30, 2022:	Real Estate Investments		SHOP		Non-segment/Corporate		Total
Rental income	$	163,935	$	—	$	—	$	163,935
Resident fees and services	—		24,005		—		24,005
Interest income and other	19,362		—		222		19,584
Total revenues	183,297		24,005		222		207,524
Senior housing operating expenses	—		18,352		—		18,352
Taxes and insurance on leased properties	7,553		—		—		7,553
NOI	175,744		5,653		222		181,619
Depreciation	49,282		4,245		50		53,577
Interest	2,371		—		30,101		32,472
Legal	—		—		2,254		2,254
Franchise, excise and other taxes	—		—		694		694
General and administrative	—		—		17,893		17,893
Loan and realty losses	39,951		—		—		39,951
Gains on sales of real estate, net	(28,342)		—		—		(28,342)
Loss on operations transfer, net	710		—		—		710
Gain on note receivable payoff	(1,113)		—		—		(1,113)
Loss on early retirement of debt	—		—		151		151
Gains from equity method investment	(569)		—		—		(569)
Net income (loss)	$	113,454	$	1,408	$	(50,921)	$	63,941