XML 44 R34.htm IDEA: XBRL DOCUMENT v3.23.1
Real Estate Investments - Lease (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
property
item
lease
Center
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
item
Center
lease
Real estate investments      
Write-off of straight-line rent and lease incentives balances $ 144 $ 173  
Gross Investment 46,936    
Carrying value 996,121   $ 1,019,218
Income and Expenses, Lessor [Abstract]      
Contractual cash rental income 29,125 26,915  
Variable cash rental income 3,284 4,039  
Straight-line rent (465) (234)  
Adjustment for collectability of lease incentives and rental income   (173)  
Amortization of lease incentives (209) (223)  
Total Rental Income 31,735 30,324  
Real estate taxes reimbursed 3,284 3,982  
Contingent rental income   $ 57  
Purchase Option in Lease Arrangements      
Real estate investments      
Gross Investment 339,483    
Carrying value 320,077    
ALF | Florida      
Real estate investments      
Gross Investment 7,163    
Carrying value $ 4,075    
ALF | Purchase Option in Lease Arrangements | Nebraska      
Real estate investments      
Number of properties | property 3    
Gross Investment $ 7,633    
Carrying value $ 2,889    
MC | Purchase Option in Lease Arrangements | Florida      
Real estate investments      
Number of properties | property 1    
Gross Investment $ 15,201    
Carrying value $ 12,386    
MC | Purchase Option in Lease Arrangements | Ohio      
Real estate investments      
Number of properties | property 1    
Gross Investment $ 16,160    
Carrying value $ 13,816    
ALF & MC      
Real estate investments      
Lease renewal term 5 years    
Number of operating lease renewals | lease 2    
Lease term 10 years    
Income and Expenses, Lessor [Abstract]      
Number of assisted living and memory care communities | item 11    
Maximum percentage of purchase option to buy properties 50.00%    
Percentage of cash return 9.00%    
ALF & MC | North Carolina      
Income and Expenses, Lessor [Abstract]      
Number of assisted living and memory care communities | item 11    
Number of units | item 523    
ALF & MC | Purchase Option in Lease Arrangements | California      
Real estate investments      
Number of properties | property 2    
Gross Investment $ 38,895    
Carrying value $ 33,483    
ALF & MC | Purchase Option in Lease Arrangements | North Carolina      
Real estate investments      
Number of properties | property 11    
Gross Investment $ 121,321    
Carrying value $ 121,321    
Lease term 10 years    
Income and Expenses, Lessor [Abstract]      
Number of assisted living and memory care communities | item 11    
Number of units | item 523    
Maximum percentage of purchase option to buy properties 50.00%    
Percentage of cash return 9.00%    
ALF & MC | Purchase Option in Lease Arrangements | South Carolina      
Real estate investments      
Number of properties | property 1    
Gross Investment $ 11,680    
Carrying value $ 8,908    
SNF      
Real estate investments      
Lease renewal term     5 years
Number of operating lease renewals | lease     2
Skilled nursing center purchased | Center     3
Lease term     10 years
SNF | Brookdale Senior Living      
Real estate investments      
Skilled nursing center purchased | Center 2    
Additional term of lessor's operating lease renewal 5 years    
SNF | Florida      
Real estate investments      
Skilled nursing center purchased | item     3
Income and Expenses, Lessor [Abstract]      
Number of units | item     299
SNF | Florida | Brookdale Senior Living      
Income and Expenses, Lessor [Abstract]      
Number of units | item 216    
SNF | Purchase Option in Lease Arrangements | Florida      
Real estate investments      
Number of properties | property 3    
Gross Investment $ 76,756    
Carrying value $ 76,756    
Number of properties acquired | item     3
Lease term     10 years
Income and Expenses, Lessor [Abstract]      
Number of units | item     299
SNF | Purchase Option in Lease Arrangements | Texas      
Real estate investments      
Number of properties | property 4    
Gross Investment $ 51,837    
Carrying value $ 50,518    
Number of properties acquired | item     4
Lease term     10 years